📈 Gold 4th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP):

2891

Market Price Structure:

Below Resistance Cluster (2952-2999)

Above Support Zone (2847-2876)

🎯 Key Technical Levels

Resistance (Sell Zones):

🔥 2952 (R1) | 🔥 2970 (R2) | 🔥 2999 (R3)

Support (Buy Zones):

🛡️ 2876 (S2) | 🛡️ 2847 (S3)

Swing High/Low:

Daily Swing High: 2956

Daily Swing Low: 2832

🔍 Technical Analysis Snapshot

Fibonacci Retracement: Price hovering near 61.8% retracement level (2876).

MACD: Bullish crossover observed on 4H timeframe.

RSI: Neutral at 52, no divergence detected.

💡 Intraday Trade Setups

1️⃣ Intraday Buy Trade Setup

Entry: 🎯 2876 (Weekly S2 Support)

Stop Loss: 🚫 2847

Take Profit:

✅ TP1: 2894 (Daily S1)

✅ TP2: 2923 (Weekly Pivot)

2️⃣ Intraday Sell Trade Setup

Entry: 🎯 2952 (Weekly R1 Resistance)

Stop Loss: 🚫 2970

Take Profit:

✅ TP1: 2923 (Weekly Pivot)

✅ TP2: 2904 (Daily R2)

📉 Critical Observation

Price faces immediate rejection risk at 2952 (confluence of weekly R1 + daily R3). Downside protected by strong historical support at 2876.

⚠️ Risk Management Tip

Use tight stops – volatility expected near Fed policy cues. Trail profits aggressively at TP1.

Note: Trade triggers require confirmation via 4H candle closes beyond key levels.