🏆 Gold 5th February 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2856

📊 Key Levels

Above DCMP (Resistance): 2868 (Intraday Sell Zone)

Below DCMP (Support): 2835 (Intraday Buy Zone)

Swing High: 2726 | Swing Low: 2730

📉 Technical Snapshot

Pivot Levels:

Weekly Pivot: 2781 | Daily Pivot: 2831

Support/Resistance:

Critical Resistance: 2868 (R3), 2855 (R2), 2846 (R1)

Critical Support: 2835 (S2), 2817 (S1)

Technical Indicators:

RSI divergence hints at potential reversals.

MACD crossover aligns with pivot-driven momentum.

💡 Trade Setups

📈 Intraday Buy Trade

Entry Price: 🟢 2835

Stop Loss: 🔴 2817

Take Profit 1: 🟡 2855

Take Profit 2: 🟠 2868

Rationale: DCMP consolidates above 2835, aligning with Fib retracement support. MACD bullish crossover adds confirmation.

📉 Intraday Sell Trade

Entry Price: 🔴 2868

Stop Loss: 🟢 2889

Take Profit 1: 🟡 2855

Take Profit 2: 🟠 2835

Rationale: Strong resistance at 2868 (weekly R3) coupled with overbought RSI signals a pullback opportunity.

📌 Final Insights

Critical Zones: Watch 2835 (buyers’ defense) and 2868 (sellers’ stronghold).

Fundamental Catalyst: Geopolitical tensions and USD fluctuations may amplify volatility.