📈 Gold 30th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2762

Key Levels

Above DCMP (Resistance): 2770, 2778, 2785, 2808, 2845

Below DCMP (Support): 2757, 2748, 2743, 2735, 2726, 2711, 2688, 2652

Swing High (Daily): 2726 | Swing Low (Daily): 2689

Technical Analysis Summary

Pivot Levels:

Weekly Pivot: 2748 (Critical intraday support).

Key Resistance: 2785 (Strong sell zone).

Fibonacci & Trend Tools:

Swing low at 2689 and high at 2726 align with Fib retracement zones.

RSI shows neutral momentum; MACD hints at potential bullish crossover near 2748.

Price Action Context:

DCMP (2762) trades above weekly pivot (2748), signaling short-term bullish bias.

Immediate resistance at 2785 likely to trigger profit-taking.

Intraday Trade Setups

🟢 Trade Idea 1: Intraday Buy

Entry: 2748 🎯 (Weekly Pivot Support)

Stop Loss: 2735 🛑

Take Profit 1: 2765 ✅ (Daily Resistance 1)

Take Profit 2: 2778 ✅ (Daily Resistance 3)

Rationale: A bounce from 2748 aligns with bullish MACD crossover and historical support.

🔴 Trade Idea 2: Intraday Sell

Entry: 2785 🎯 (Weekly Resistance 1)

Stop Loss: 2808 🛑

Take Profit 1: 2757 ✅ (Daily Pivot)

Take Profit 2: 2748 ✅ (Weekly Pivot)

Rationale: Rejection at 2785 validates bearish RSI divergence and resistance confluence.

Final Insight

Gold’s price hovers near critical pivots. Use 2748 for bullish reversals and 2785 for bearish pullbacks. Tight risk management is key amid mixed technical signals.