🏆Gold Daily Analysis Based on Main Key Levels – May 5, 2025

Daily Current Market Price (DCMP): 3260

• Below DCMP: Support zones at 3207 (BUY) and 3171.

• Above DCMP: Resistance zones at 3264 (SELL) and 3290.

Key Levels Summary 🔑

Pivot Levels:

• Weekly Pivot: 3264 (Resistance)

• Daily Pivot: 3243 (Support)

Swing Levels:

• Swing High: 3499 (Daily)

• Swing Low: 3201 (Daily)

Fibonacci & Technicals:

• RSI divergence noted near support.

• MACD hinting at potential bullish crossover below 3207.

Trade Setup 1: Intraday Buy 🟢

• Entry: 3207 🎯

• Stop Loss: 3171 ⛔

• Take Profit 1: 3243 ✅

• Take Profit 2: 3260 ✅

Rationale: Strong support confluence (Pivot + Fib level).

Trade Setup 2: Intraday Sell 🔴

• Entry: 3264 🎯

• Stop Loss: 3290 ⛔

• Take Profit 1: 3243 ✅

• Take Profit 2: 3226 ✅

Rationale: Resistance tested with bearish RSI divergence.

Technical Indicators Snapshot 📊

• RSI: Neutral but leaning oversold near 3207.

• MACD: Potential bullish momentum if DCMP holds 3243.

• Volume: Higher selling pressure above 3264.

Conclusion

Gold remains range-bound between 3207–3264. Focus on intraday trades at key pivots with tight risk management. Watch for breaks beyond swing levels (3499/3201) for trend confirmation.