📈 Gold Daily Analysis Based on Main Key Levels - May 1, 2025

Daily Current Market Price (DCMP): 3227

Key Levels at a Glance 🔍

Above DCMP (Resistance):

• Immediate: 3267 (Weekly BUY/Support1)

• Major: 3317-3355 (Daily SELL zones)

Below DCMP (Support):

• Immediate: 3211 (Weekly BUY/Support2)

• Major: 3119-3233 (Multi-timeframe support)

Swing Levels:

• High: 3260 (Daily)

• Low: 2956 (Daily)

Technical Snapshot ⚙️

• Pivots: Weekly 3359 (Pivot), Daily 3294 (Pivot)

• Fibonacci: Retracement active near 3211 (38.2% zone)

• RSI: Neutral territory (no divergence detected)

• MACD: Flat histogram suggests consolidation

Trade Setup 💼

Intraday Buy Trade ✅

• Entry: 🎯 3211 (Weekly BUY/Support2)

• Stop Loss: 🛑 3190 (Below swing low)

• Take Profit 1: 💰 3233 (Daily BUY/Support3)

• Take Profit 2: 💰 3256 (Weekly BUY/Support2)

Rationale: Confluence of weekly pivot support and Fibonacci retracement level.

Intraday Sell Trade ❌

• Entry: 🎯 3267 (Weekly BUY/Support1 turned Resistance)

• Stop Loss: 🛑 3288 (Above swing high)

• Take Profit 1: 💰 3233 (Daily support)

• Take Profit 2: 💰 3211 (Next weekly support)

Rationale: Rejection at weekly pivot resistance with overbought RSI conditions.

Risk Management ⚠️

• Position sizing: ≤2% capital per trade

• Reward:Risk ≥ 1:2 for both setups

• Avoid trading during major news events

Conclusion 🎯

Gold shows balanced technicals with 3227 as the pivotal level. The 3211-3267 range offers high-probability intraday opportunities, with breaks beyond 3119/3355 likely to trigger trend continuation.