🏅 Gold Daily Analysis based on Main Key Levels - May 2, 2025

DCMP (Daily Current Market Price): 3261

• Swing High (Daily): 3260 | Swing Low (Daily): 2956

📊 Key Levels Summary

Above DCMP (Resistance):

🛑 3277 | 🛑 3297 | 🛑 3331

Below DCMP (Support):

🛡️ 3209 | 🛡️ 3188 | 🛡️ 3155

🔍 Technical Snapshot

• Fibonacci Levels: Price hovering near 0.618 retracement of 3260-2956 swing

• RSI Divergence: Bearish momentum weakening at 45.2

• MACD: Histogram shows tentative bullish crossover

💡 Trade Setup 1: Intraday Buy

🎯 Entry: 3211 (Weekly S2 Support)

⛔ Stop Loss: 3188 (Below Weekly S3)

✅ Take Profit 1: 3243 (Daily Pivot)

✅ Take Profit 2: 3261 (DCMP Retest)

💡 Trade Setup 2: Intraday Sell

🎯 Entry: 3267 (Weekly R1 Resistance)

⛔ Stop Loss: 3297 (Above Daily R2)

✅ Take Profit 1: 3243 (Daily Pivot)

✅ Take Profit 2: 3211 (Weekly S2)

⚠️ Risk Management Tips

• Maintain 1:2 risk-reward ratio

• Monitor US Dollar Index for confirmation

• Watch 4H candle closes near pivot levels