🌟 Gold Daily Analysis Based on Main Key Levels – 16th April 2025

Daily Current Market Price (DCMP): 🏷️ 3270

Key price action: DCMP trades above immediate supports (3213–3233) but below critical resistances (3325–3435).

📊 Key Levels Summary

Support/Resistance Framework

Above DCMP (Resistance/Sell Zones):

R1: 🚨 3256 (Intraday Sell Trigger)

R2: 🎯 3325 (Major Weekly Resistance)

R3: ⚠️ 3435 (Long-Term Sell Zone)

Below DCMP (Support/Buy Zones):

S1: 🛡️ 3213 (Strong Daily Support)

S2: 🔄 3207 (Fibonacci Retracement Anchor)

S3: 🛑 3197 (Swing Low Floor)

🔍 Technical Snapshot

Swing Levels:

Swing High (Daily/4H): 2956

Swing Low (Daily/4H): 2956 (Consolidation signal)

Pivot: Weekly Pivot at 3146 | Daily Pivot at 3223

RSI: Neutral at 48 (No divergence observed).

MACD: Bullish crossover emerging on 4H timeframe.

💡 Trade Setups

Intraday Buy Trade Idea

Entry: 🟢 3256 (Retest of Weekly Support)

Stop Loss: 🔴 3239 (-17 pts | Below Daily S1)

Take Profit 1: 🟡 3270 (+14 pts | DCMP Exit)

Take Profit 2: 🟢 3325 (+69 pts | R2 Target)

Intraday Sell Trade Idea

Entry: 🔴 3325 (Weekly Resistance Retest)

Stop Loss: 🟢 3350 (+25 pts | Above R2 Buffer)

Take Profit 1: 🟡 3270 (-55 pts | DCMP Pullback)

Take Profit 2: 🔴 3249 (-76 pts | Daily R3 Floor)

📉 Critical Technical Drivers

Fibonacci Levels:

61.8% Retracement at 3207 aligns with S2.

161.8% Extension at 3325 matches R2 resistance.

MACD: Bullish momentum likely if price holds above 3223 (Daily Pivot).

Price Action: Break below 3197 (S3) invalidates bullish setup; close above 3325 signals trend reversal.