top of page

Neom Financial Academy

Gold Daily Analysis Based on Main Key Levels – April 29, 2025

  • Neom
  • Apr 29
  • 1 min read

Daily Current Market Price (DCMP): 🟡 3316


🔍 Key Technical Snapshot


  • Swing High (Daily): 3260

  • Swing Low (Daily): 2956


  • Above DCMP (Resistance): 3353, 3374, 3406

  • Below DCMP (Support): 3288, 3268, 3236


Here’s the mind map summarizing the key points from your market analysis:

📊 Trade Setups


1️⃣ Intraday Buy Trade


  • Entry: 🎯 3267 (Weekly Support1)

  • Stop Loss: ⚠️ 3236 (Support3)

  • Take Profit 1: 💰 3288

  • Take Profit 2: 🚀 3316 (DCMP retest)


Rationale: Price holding above Fibonacci 38.2% level (2956-3260), MACD bullish crossover.


2️⃣ Intraday Sell Trade


  • Entry: 🎯 3359 (Weekly Pivot)

  • Stop Loss: ⚠️ 3406 (Resistance3)

  • Take Profit 1: 💰 3321

  • Take Profit 2: 🚀 3288


Rationale: RSI near overbought zone, rejection at 3406 resistance.


📉 Technical Indicators


  • Fibonacci Levels: 2956 (Swing Low) to 3260 (Swing High) retracement zones active.

  • RSI: 52 (Neutral, watch for divergence).

  • MACD: Bullish momentum fading near resistance.


💡 Analyst Insight


Gold consolidates between 3260-3359 with bias shifting on DCMP (3316) break. Trade setups align with institutional liquidity zones.

Comments

bottom of page