🏅 Gold Daily Analysis Based on Main Key Levels – April 21, 2025

Daily Current Market Price (DCMP): 🟡 3,375

📊 Key Levels

Above DCMP (Resistance):

R1: 3,394 🛑 (Weekly Pivot Sell Zone)

R2: 3,396 (Daily Resistance)

R3: 3,456 (Strong Weekly Resistance)

Below DCMP (Support):

S1: 3,355 🟢 (Intraday Buy Zone)

S2: 3,294 (Weekly Support)

S3: 3,228 (Critical Long-Term Support)

📈 Technical Analysis

• Swing High: 2,956 (Daily Timeframe)

• Swing Low: 2,956 (Daily Timeframe)
  

Price consolidating near historic swing levels, indicating potential breakout.

• RSI: Bullish divergence on 4H chart.

• MACD: Bullish crossover on daily timeframe.

• Fib Levels: Key retracement at 3,355 (61.8%) aligns with S1.

💡 Intraday Trade Setups

1️⃣ Intraday Buy Trade

Entry: 3,355 🟩

Stop Loss: 3,294 🛑

Take Profit 1: 3,394 ✅

Take Profit 2: 3,456 ✅

Trigger: Bounce from S1 with RSI support.

2️⃣ Intraday Sell Trade

Entry: 3,394 🟥

Stop Loss: 3,456 🛑

Take Profit 1: 3,355 ✅

Take Profit 2: 3,294 ✅

Trigger: Rejection at weekly pivot resistance (R1).

🔍 Conclusion

Gold faces resistance above 3,394, while 3,355 acts as immediate support. Trade setups align with Fib levels and pivot zones, favoring bullish momentum below DCMP. Monitor MACD and RSI for confirmation.