🏅 Gold Daily Analysis Based on Main Key Levels - 2025-04-10

DCMP (Daily Current Market Price): [3122]

📊 Key Price Matrix

Above DCMP (Resistance):

🔴 3131 (Immediate Resistance) | 3167 | 3180 | 3225

Below DCMP (Support):

🟢 3073 (Critical Support) | 3050 | 3015 | 3001 | 2979 | 2921

Swing Levels (Daily/4H):

⚡ High: 2999 | Low: 2956 (Note: Swing levels reflect recent consolidation zone)

📈 Technical Snapshot

Fibonacci Retracement: Price hovering near 61.8% retracement (3073-3131)

RSI Divergence: Bearish divergence forming on 4H timeframe

MACD: Histogram flipping negative on daily chart, suggesting momentum shift

💡 Trade Setups

🟢 Intraday Buy Setup

Entry: 🎯 3073 (Weekly Pivot Support)

Stop Loss: 🛑 3050 (-23 pips)

Take Profit 1: 🏁 3100 (+27 pips)

Take Profit 2: 🚀 3131 (+58 pips)

Rationale: Confluence of weekly pivot + 61.8% Fib level

🔴 Intraday Sell Setup

Entry: 🎯 3131 (Daily Pivot Resistance)

Stop Loss: 🛑 3155 (+24 pips)

Take Profit 1: 🏁 3100 (-31 pips)

Take Profit 2: 🚀 3073 (-58 pips)

Rationale: Rejection at multi-timeframe resistance cluster

⚠️ Risk Management Alert

Maintain 1:2 risk-reward ratio minimum

Watch for ECB speech at 14:00 GMT – potential volatility trigger

London fix (15:00 GMT) likely to test 3100 level