🏆Gold Daily Analysis Based on Main Key Levels – April 23, 2025
- Neom
- Apr 23
- 1 min read
Daily Current Market Price (DCMP): 3,340 💰
Key Levels Summary 🔑
Below DCMP (Support)
Immediate Support: 3,292 (Daily Pivot)
Strong Support: 3,230 (BUY/Support1)
Swing Low: 2,956
Above DCMP (Resistance)
Immediate Resistance: 3,355 (SELL/Resistance1)
Strong Resistance: 3,394 (SELL/Resistance2)
Swing High: 2,956
Technical Analysis 📊
Fibonacci Levels: Price consolidating between 3,292 (38.2% retracement) and 3,355 (61.8% extension).
RSI Divergence: Neutral at 52, suggesting balanced momentum.
MACD: Histogram flattens near zero, indicating potential trend reversal.
Trade Setups 🚀
Intraday Buy Trade Idea
Entry: 3,292 🎯 (Daily Pivot Support)
Stop Loss: 3,230 🛑 (Below BUY/Support1)
Take Profit 1: 3,340 💰 (DCMP Re-test)
Take Profit 2: 3,355 🎯 (Resistance1)
Intraday Sell Trade Idea
Entry: 3,355 🎯 (SELL/Resistance1)
Stop Loss: 3,394 🛑 (Above Resistance2)
Take Profit 1: 3,340 💰 (DCMP Pullback)
Take Profit 2: 3,292 🎯 (Pivot Retest)
Risk Management ⚠️
Maintain a 1:2 risk-reward ratio.
Adjust position size if price gaps beyond pivot levels.
Conclusion: Gold faces decisive moves near 3,340 DCMP. Trade cautiously with defined stop losses. For real-time alerts, [Sign Up Here]. 🔔
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