🟡 Gold Daily Analysis Based on Main Key Levels – April 11, 2025

Daily Current Market Price (DCMP): 3,214

Market Context: Gold trades above immediate support at 3,167 and below resistance at 3,225.

📊 Key Technical Levels

Support & Resistance

Critical Support: 3,167 (Intraday Buy Zone) 🟢

Immediate Resistance: 3,225 (Intraday Sell Zone) 🔴

Swing High (4H/Daily): 2,999 | Swing Low (4H/Daily): 2,956

Pivot Levels

Weekly Pivot: 3,073

Daily Pivot: 3,141

📈 Technical Analysis

Fibonacci Retracement:

Price aligns with Fib extension levels, suggesting 3,167 (38.2% retracement) as strong support.

Resistance at 3,225 coincides with 61.8% Fib extension.

Momentum Indicators:

RSI: Bullish divergence on 4H timeframe.

MACD: Histogram flips positive, signaling short-term bullish momentum.

Price Action:

DCMP (3,214) consolidates between weekly pivot (3,073) and daily resistance (3,225).

💡 Trade Setups

1️⃣ Intraday Buy Trade Idea

Entry: 3,167 🎯

Stop Loss: 3,121 (Below Daily Pivot) ⛔

Take Profit 1: 3,201 (4H Swing High) ✅

Take Profit 2: 3,225 (Key Resistance) ✅

2️⃣ Intraday Sell Trade Idea

Entry: 3,225 🎯

Stop Loss: 3,246 (Above Weekly Resistance) ⛔

Take Profit 1: 3,181 (Daily Support) ✅

Take Profit 2: 3,141 (Daily Pivot) ✅

📉 Risk Management Notes

Tight stops recommended due to volatility near pivots.

Confirm reversals with RSI/MACD alignment.

Final Takeaway: Gold’s price action favors range-bound trading between 3,167–3,225. Prioritize entries at tested Fib levels with strict risk-reward ratios.