📅✨ Gold Daily Analysis Based on Main Key Levels – 24 April 2025

Daily Current Market Price (DCMP): 🟡 3,328

🎯 Key Price Levels

Above DCMP (Resistance)

🔴 R3: 3,456 (Weekly) / 3,437 (Daily)

🔴 R2: 3,394 (Weekly) / 3,389 (Daily)

🔴 R1: 3,355 (Weekly) / 3,359 (Daily)

Below DCMP (Support)

🟢 S1: 3,230 (Weekly) / 3,263 (Daily)

🟢 S2: 3,191 (Weekly) / 3,233 (Daily)

🟢 S3: 3,128 (Weekly) / 3,185 (Daily)

Weekly Pivot: 3,292 | Daily Pivot: 3,311

📊 Technical Indicators

• RSI: Neutral with bullish divergence on 4H timeframe.

• MACD: Histogram shows bullish crossover on daily charts.

Swing High/Low:

• Daily: 2,956 (Swing High & Low)

• 4H: Consolidation near 3,300–3,350 zone.

💡 Intraday Trade Setups

Trade Idea 1: Intraday Buy

• Entry: 🎯 3,292 (Weekly Pivot Support)

• Stop Loss: 🚫 3,230 (Below S1)

• Take Profit 1: ✅ 3,355 (R1)

• Take Profit 2: ✅ 3,394 (R2)

Rationale:

Price bouncing from weekly pivot (3,292) aligns with MACD bullish crossover.

Trade Idea 2: Intraday Sell

• Entry: 🎯 3,355 (Weekly R1 Resistance)

• Stop Loss: 🚫 3,394 (Above R2)

• Take Profit 1: ✅ 3,292 (Weekly Pivot)

• Take Profit 2: ✅ 3,230 (S1)

Rationale:

Rejection at 3,355 resistance favors bearish RSI divergence on 4H chart.

📉 Fibonacci Levels (4H Timeframe)

• Retracement: 61.8% level at 3,300 aligns with daily pivot.

• Extension: 127% target at 3,370 if bullish momentum sustains.

⚠️ Risk Management Tips

• Use stop-loss orders strictly.

• Allocate ≤2% capital per trade.

• Trail profits at key Fibonacci extensions.