📈 Gold 3rd February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2778

Key Levels Relative to DCMP:

Resistances (Above 2778): 2781, 2812, 2815, 2818, 2828, 2835, 2868

Supports (Below 2778): 2775, 2748, 2728, 2726, 2695

Swing High & Low Levels 🎯

Swing High (Daily/4H): 2730

Swing Low (Daily/4H): 2726

Technical Snapshot 🔍

Pivot Levels:

Weekly Pivot: 2781 (Key Resistance)

Daily Pivot: 2802 (Intraday Bias Marker)

Fibonacci Retracement/Extension:

Critical support near 2748 (38.2% Fib zone).

Resistance at 2781 aligns with 61.8% Fib extension.

Momentum Indicators:

RSI: Neutral (No divergence observed).

MACD: Bullish crossover forming near support zones.

Trade Setups 💼

Intraday Buy Trade

Entry Price: 🟢 2748

Stop Loss: 🔴 2728 (20 points risk)

Take Profit 1: 🎯 2775

Take Profit 2: 🚀 2792

Rationale: Strong support at 2748 (round-up level + Fib zone). MACD bullish crossover supports upside.

Intraday Sell Trade

Entry Price: 🔴 2781

Stop Loss: 🟢 2802 (21 points risk)

Take Profit 1: 🎯 2748

Take Profit 2: 🚀 2728

Rationale: Weekly pivot resistance at 2781. Price rejection here confirms bearish reversal.

Summary of Key Levels 📊

Resistance Levels

2781 (Weekly Pivot)

2812–2818 (Daily)

2835–2868 (Strong Bears)

Support Levels

2748 (Buy Zone)

2726–2728 (Swing Low)

2695 (Downside Target)

Final Insight 🌟

Gold faces immediate resistance at 2781 (weekly pivot). A break above could test 2812–2818. Downside protection lies at 2748, with a drop below 2728 opening doors to 2695. Trade the pivot reactions with tight risk management!