🟡 Gold 21st March 2025 Daily Analysis: Trade Setups & Key Levels

📌 Daily Current Market Price (DCMP): 3030

Gold trades below immediate resistance at 3033 (Daily Pivot) and above critical support at 3022.

🔑 Key Levels

Resistance Zones

• Strong Resistance: 3081 (Weekly R3)

• Immediate Hurdles: 3033 (Daily R2), 3054 (Daily R1)

Support Zones

• Critical Support: 3022 (Daily S2), 3010 (Daily S3)

• Major Floor: 2956 (Weekly Pivot)

Swing Levels

• Swing High: 2956 (Daily)

• Swing Low: 2880 (Daily)

📊 Technical Analysis

• RSI: Neutral at 48, no divergence observed.

• MACD: Bearish crossover below the signal line.

• Fib Levels: Retracement at 3022 (38.2%), extension target at 3081 (61.8%).

💡 Intraday Trade Setups

1️⃣ Intraday Buy Trade

• Entry: 3040 🟢

• Stop Loss: 3010 🔴

• Take Profit 1: 3062 🟡

• Take Profit 2: 3081 🟢

Rationale: Price near Daily S1 (3030) aligns with Fib 38.2% support. MACD hints at short-term bullish reversal.

2️⃣ Intraday Sell Trade

• Entry: 3081 🔴

• Stop Loss: 3100 🟡

• Take Profit 1: 3054 🟢

• Take Profit 2: 3033 🔴

Rationale: Weekly R3 (3081) coincides with Fib 61.8% resistance. Overbought RSI reinforces bearish bias.

📉 Risk Management Tips

Tighten stops if price breaks below 3010 (Daily S3) or above 3100.

Trail profits at TP1 to lock gains.

📅 Conclusion

Gold remains range-bound between 3022–3081. Trade setups favor selling rallies near 3081 and buying dips toward 3040. Monitor MACD for trend confirmation.