📊 Gold 2nd January 2025 Daily Analysis Based on Main Key Levels

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 2634

Resistance 2: 2642

Resistance 3: 2654

✅ Support (Below DCMP)

Support 1: 2611

Support 2: 2604

Support 3: 2592

📉 Swing Levels

Swing High: 2726

Swing Low: 2583

📋 Summary of Analysis

As of the current market price of 2632, key resistance levels above this price include 2634, 2642, and 2654. The support levels below this price are 2611, 2604, and 2592. The swing high is at 2726, and the swing low is at 2583.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 2623

Stop Loss: ❌ 2611

Take Profit 1: 🎯 2632

Take Profit 2: 🎯 2634

📌 Reason for Entry

The price is approaching a key support level at 2623, indicating a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 2642

Stop Loss: ❌ 2654

Take Profit 1: 🎯 2632

Take Profit 2: 🎯 2634

📌 Reason for Entry

Resistance at 2642 suggests a potential selling opportunity, with targets set below this level.

📝 Conclusion

This analysis provides a concise overview of key levels and trade opportunities for Gold. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀