📊 Gold 3rd January 2025 Daily Analysis Based on Main Key Levels

As of now, the Daily Current Market Price (DCMP) for Gold is 2662. This analysis will provide insights into key resistance and support levels, swing highs and lows, and suggested trades for informed decision-making.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 2661

Resistance 2: 2670

Resistance 3: 2685

✅ Support (Below DCMP)

Support 1: 2632

Support 2: 2622

Support 3: 2608

📉 Swing Levels

Swing High: 2726

Swing Low: 2583

📋 Summary of Analysis

The current market price of 2662 indicates that key resistance levels above this price include 2661, 2670, and 2685. The support levels below this price are 2632, 2622, and 2608. The swing high stands at 2726, while the swing low is at 2583.

💼 Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 2670

Stop Loss: ❌ 2660

Take Profit 1: 🎯 2680

Take Profit 2: 🎯 2685

📌 Reason for Entry

The price is approaching a key resistance level at 2670, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 2642

Stop Loss: ❌ 2652

Take Profit 1: 🎯 2632

Take Profit 2: 🎯 2622

📌 Reason for Entry

Resistance at 2642 indicates 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! 🚀