📈 Gold 5th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 2910

🗝️ Key Levels

Below DCMP (Support):

Immediate Support: 2891 (Daily BUY/Support1)

Strong Support Zone: 2880–2835

Swing Low (Daily Timeframe): 2832

Above DCMP (Resistance):

Immediate Resistance: 2926–2929 (Daily SELL/Resistance1)

Strong Resistance Zone: 2937–2955

Swing High (Daily Timeframe): 2956

📊 Technical Analysis

Pivot Levels:

Weekly Pivot (Critical Support): 2882

Daily Pivot (Neutral Zone): 2909

Fibonacci Levels:

Retracement: Key support at 2835 (38.2% Fib) aligns with Swing Low.

Extension: Resistance at 2955 (61.8% Fib) near Swing High.

Momentum Indicators:

RSI: Bullish divergence observed on 4H timeframe.

MACD: Potential bullish crossover below DCMP.

💡 Trade Setups

🟢 Intraday Buy Trade

Entry: 2882 (Weekly Pivot Support) 🎯

Stop Loss: 2832 (Below Swing Low) ⚠️

Take Profit 1: 2909 (Daily Pivot) ✅

Take Profit 2: 2926 (Daily Resistance1) ✅

Rationale: Strong confluence at 2882 (weekly pivot + Fib support). MACD signals bullish momentum reversal.

🔴 Intraday Sell Trade

Entry: 2929 (Daily Resistance1) 🎯

Stop Loss: 2956 (Above Swing High) ⚠️

Take Profit 1: 2909 (Daily Pivot) ✅

Take Profit 2: 2882 (Weekly Pivot) ✅

Rationale: Rejection at 2929 resistance aligns with overbought RSI and bearish MACD divergence.

📉 Risk Management Note

Tighten stops if price breaks below 2832 (Swing Low) or above 2956 (Swing High).

Partial profits at TP1 recommended to lock gains.