📊 Gold 31st January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2795

Key Levels Summary 🎯

Above DCMP (Resistance): 2808 🚀, 2845

Below DCMP (Support): 2785 🛡️, 2758, 2743

Swing High: 2726 | Swing Low: 2689

Technical Analysis Breakdown 🔍

Pivot Levels:

Weekly Resistance: 2808 (R2), 2845 (R3).

Weekly Support: 2785 (R1), 2748 (Pivot).

Daily Support: 2758 (S1), 2743 (S2).

Fibonacci Retracement:

Key retracement zones align with 2785 (38.2%) and 2758 (61.8%), reinforcing support.

RSI & MACD:

RSI holds near neutral (50), hinting at consolidation.

MACD shows bullish momentum but faces resistance at 2808.

Intraday Trade Setups 💼

1. Intraday Buy Trade

Entry: 🟢 2785 (Weekly Support)

Stop Loss: 🔴 2758 (Daily S1)

Take Profit 1: 🎯 2799 (Daily R2)

Take Profit 2: 🚀 2808 (Weekly R2)

Rationale: Price retesting weekly support (2785) with bullish MACD crossover.

2. Intraday Sell Trade

Entry: 🔴 2808 (Weekly Resistance)

Stop Loss: 🛑 2845 (Weekly R3)

Take Profit 1: 🎯 2795 (DCMP)

Take Profit 2: 🛡️ 2785 (Weekly S1)

Rationale: Rejection at 2808 resistance with RSI divergence signals bearish reversal.

Critical Notes ⚠️

A break above 2808 invalidates bearish bias; close below 2758 accelerates downside.

Monitor Fed policy and USD trends for fundamental triggers.

Final Take: Gold consolidates near 2795, with 2785–2808 defining intraday bias. Trade pivots with strict risk management. 🏆