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

Daily Current Market Price (DCMP):

2864

• Price currently trades BELOW weekly pivot (2882) → Dominant bias: SELL

• Immediate zones: Support @ 2835 / Resistance @ 2882

🔑 Critical Price Zones

Below DCMP (Support):

✅ 2838 (Daily BUY/Support1)

✅ 2826 (Daily BUY/Support2)

✅ 2806 (Daily BUY/Support3)

Above DCMP (Resistance):

⛔️ 2878 (Daily SELL/Resistance1)

⛔️ 2891 (Daily SELL/Resistance2)

⛔️ 2911 (Daily SELL/Resistance3)

Swing Levels:

↗️ Daily Swing High: 2956

↘️ Daily Swing Low: 2730

📊 Technical Analysis Snapshot

• Fibonacci Zones: Price consolidates between 2835-2882 (38.2%-61.8% retracement of 2956→2730 swing)

• RSI: 48 (Neutral) – Watch for divergence on 4H chart

• MACD: Histogram flattens near zero line → Potential trend shift

💡 Intraday Trade Setups

🟢 BUY Setup

Entry: 2835 (Weekly BUY/Support1)

🛑 Stop Loss:** 2806 (-29 pts)

🎯 Take Profit 1: 2858 (+23 pts)

🎯 Take Profit 2: 2878 (+43 pts)

Trigger: Bullish reversal candle at support + MACD crossover

🔴 SELL Setup

Entry: 2882 (Weekly Pivot/Resistance)

🛑 Stop Loss:** 2911 (+29 pts)

🎯 Take Profit 1: 2858 (-24 pts)

🎯 Take Profit 2: 2835 (-47 pts)

Trigger:* Bearish rejection at resistance + RSI <50

📉📈 Key Technical Factors

• Pivot Confluence: Weekly 2882 aligns with daily R1 (2878) → Strong resistance cluster

• 4H Chart: Price trapped between 200EMA (2842) and 100EMA (2869)

• Fundamental Catalyst: US dollar index volatility impacts gold's directional bias

• Risk Warning: Maintain 1:2 risk-reward ratio. Monitor Fed policy updates for breakout triggers.