📊 Gold 7th March 2025 Daily Analysis: Key Levels & Trade Setups for 2025

Daily Current Market Price (DCMP): 2906

Key Levels & Technical Overview 🔍

Price Structure

Above DCMP (Resistance):

▶️ 2929 (Intraday Sell Zone)

▶️ 2931 (Resistance 2)

▶️ 2945 (Resistance 3)

Below DCMP (Support):

▶️ 2882 (Intraday Buy Zone)

▶️ 2896 (Support 1)

▶️ 2887 (Support 2)

Swing Levels

Daily Swing High: 2956

Daily Swing Low: 2832

Fibonacci & Technical Tools

Fib retracement aligns with pivot levels at 2882 (38.2%) and 2929 (61.8%).

RSI shows bullish divergence near 2882 support.

MACD hints at bearish crossover near 2929 resistance.

Intraday Trade Setups 💡

Trade Idea 1: Intraday Buy

Entry: 🎯 2882 (Weekly Pivot Support)

Stop Loss: 🚫 2832 (Daily Swing Low)

Take Profit 1: 🏁 2909 (Daily Pivot)

Take Profit 2: 🏁 2931 (Resistance 2)

Rationale: Strong confluence at 2882 (weekly pivot + Fib 38.2%) with bullish RSI divergence.

Trade Idea 2: Intraday Sell

Entry: 🎯 2929 (Resistance 1)

Stop Loss: 🚫 2956 (Daily Swing High)

Take Profit 1: 🏁 2909 (Daily Pivot)

Take Profit 2: 🏁 2882 (Weekly Pivot)

Rationale: MACD bearish crossover near 2929 resistance, aligned with Fib 61.8% extension.

Risk Management ⚠️

Limit position size to 2% risk per trade.

Adjust stop loss to breakeven after TP1 hit.

Technical Indicators Snapshot 📉📈

RSI: 54 (neutral, bullish divergence at support).

MACD: Line convergence near resistance hints at reversal.

Volume: Declining near resistance, supporting sell setup.

Final Note: Monitor price action at 2882 and 2929 for breakout/breakdown signals. Stay disciplined with risk parameters! 💼🔥