Gold Daily Analysis Based on Main Key Levels - April 17, 2025

📌 Daily Current Market Price (DCMP): 3341

Key Price Structure

Above DCMP (Resistance):

🔥 3375 (Daily Pivot R2) → Immediate resistance

🔥 3418 (Daily R3) → Strong sell zone

🔥 3435 (Weekly R3) → Optimal sell level

Below DCMP (Support):

🛡️ 3325 (Weekly R2) → Critical support-turned-resistance

🛡️ 3305 (Daily Pivot) → Intraday equilibrium

🛡️ 3261 (Daily S1) → Primary buying zone

Swing Levels:

↗️ Daily Swing High: 2956

↘️ Daily Swing Low: 2956

Trade Setup 1: Intraday Buy

🎯 Entry: 3325 (Weekly R2 support confluence)

⚠️ Stop Loss: Below 3305 (Daily Pivot)

💰 Take Profit 1: 3375 (Daily R2)

💰 Take Profit 2: 3418 (Daily R3)

Technical confluence:

RSI showing bullish divergence on 4H chart

MACD histogram turning positive

Trade Setup 2: Intraday Sell

🎯 Entry: 3435 (Weekly R3 resistance)

⚠️ Stop Loss: Above 3450 (psychological level)

💰 Take Profit 1: 3375 (Daily R2)

💰 Take Profit 2: 3325 (Weekly R2)

Technical confluence:

Price rejecting 78.6% Fibonacci retracement

Bearish engulfing pattern on daily chart

Technical Snapshot

Fibonacci Levels: 3261 (38.2% retracement), 3325 (61.8%)

Pivot Levels: 3305 (Daily), 3146 (Weekly)

Momentum: RSI at 54 (neutral), MACD line crossover imminent

Risk Management Reminder

🔹 Risk-reward ratio ≥ 1:2 for both setups

🔹 Position sizing: ≤2% capital per trade

🔹 Avoid trading during low-liquidity hours