🏅 Gold 26th February 2025 Daily Analysis Based on Main Key Levels (DCMP: 2917)

Daily Current Market Price (DCMP): 2917

Swing High: 2942 | Swing Low: 2730

📊 Key Levels & Technical Overview

🔴 Resistance (Above DCMP):

• R3: 2999 (Weekly) | 2984 (Daily)

• R2: 2970 (Weekly) | 2959 (Daily)

• R1: 2952 (Weekly) | 2943 (Daily)

🟢 Support (Below DCMP):

• S1: 2894 (Weekly) | 2893 (Daily)

• S2: 2876 (Weekly) | 2878 (Daily)

• S3: 2847 (Weekly) | 2853 (Daily)

• Pivot: 2923 (Weekly) | 2918 (Daily)

📈 Technical Analysis

• RSI: Neutral with bullish divergence on 4H timeframe.

• MACD: Bullish crossover forming near the daily pivot.

• Fibonacci: Retracement aligns with S1 (2894) and R1 (2943).

💡 Trade Ideas

🟢 Intraday Buy Setup

• Entry: 2894 📍

• Stop Loss: 2876 🚫

• Take Profit 1: 2918 ✅ | TP2: 2943 🎯

Rationale: Strong support at S1 (2894) with MACD bullish momentum.

🔴 Intraday Sell Setup

• Entry: 2923 📍

• Stop Loss: 2942 🚫

• Take Profit 1: 2893 ✅ | TP2: 2878 🎯

Rationale: Resistance at weekly pivot (2923) and RSI overbought signal.

🎯 Conclusion

Gold remains range-bound between 2894 (support) and 2923 (resistance). Focus on pivot-based trades with strict risk management. Monitor MACD/RSI for confirmation! 💹

• ✨ Pro Tip: Use trailing stops for TP2 to maximize gains during volatility!