Gold Daily Analysis Based on Main Key Levels – 28 April 2025

Daily Current Market Price (DCMP): 3,292 🟡

Swing High (Daily Timeframe): 3,260 | Swing Low (Daily Timeframe): 2,956

Key Levels & Technical Overview

Support/Resistance Zones

Above DCMP (Resistance):

▶️ R1: 3,358 | R2: 3,383 | R3: 3,423

Below DCMP (Support):

▶️ S1: 3,277 | S2: 3,253 | S3: 3,212

Pivot Levels

• Intraday Sell Trigger: 3,359 🔴

• Intraday Buy Trigger: 3,267 🟢

Technical Indicators

• Fibonacci Retracement: Critical confluence at 3,277 (38.2%) and 3,212 (61.8%).

• RSI Divergence: Neutral at 52, hinting at consolidation.

• MACD: Flatlined near the signal line, suggesting indecision.

Trade Setups

Intraday Buy Idea 🟢

• Entry: 3,267 (Near S1)

• Stop Loss: Below 3,212 (S3) 🔴

• Take Profit 1: 3,318 (Pivot) 🟡

• Take Profit 2: 3,358 (R1) 🟢

Rationale: Price aligns with Fibonacci support (38.2%) and daily swing low. A bounce from S1 offers a favorable risk-reward ratio.

Intraday Sell Idea 🔴

• Entry: 3,359 (Weekly Pivot Resistance)

• Stop Loss: Above 3,423 (R3) 🔴

• Take Profit 1: 3,318 (Daily Pivot) 🟡

• Take Profit 2: 3,277 (S1) 🟢

Rationale: Resistance confluence at weekly pivot and R1. A rejection here aligns with bearish MACD momentum.

Final Outlook

Gold trades neutrally near 3,292, with immediate bias dependent on breakout direction. Watch for RSI divergence near extremes and MACD crossover for trend confirmation. Key zones:

• Bullish Scenario: Sustained hold above 3,277 (S1) targets 3,358 (R1).

• Bearish Scenario: Breakdown below 3,253 (S2) opens path to 3,212 (S3).