📈 Gold Daily Analysis Based on Main Key Levels - April 2, 2025

Current Market Snapshot 🏦

Daily Current Market Price (DCMP): 3125

Above DCMP: Resistance Zone 🛑

Below DCMP: Support Zone 🛡️

Key Price Levels 🔑

Resistance Levels (Sell Zones)

🎯 R3: 3142 (Weekly Pivot Resistance)

🎯 R2: 3110 (Swing High Alignment)

🎯 R1: 3090 (Daily Pivot Cluster)

Support Levels (Buy Zones)

🛡️ S1: 3025 (Fib 38.2% Retracement)

🛡️ S2: 3005 (4hr Swing Low)

🛡️ S3: 2973 (Weekly Pivot Support)

Technical Analysis Breakdown 🔍

Price Action

Price consolidating between 3005-3110 range

Bearish engulfing candle at 3142 resistance

Momentum Indicators

📉 RSI: 54 (Neutral with bearish divergence)

📊 MACD: Signal line crossover at 3090

Pattern Recognition

Bull flag formation below 3110

Bearish harmonic pattern near 3142

Trade Setups 💼

Intraday Buy Opportunity 💹

Entry: 3025 🔵 (Confluence of S1 & 4hr swing low)

Stop Loss: 2973 🔴 (Below weekly pivot support)

Take Profit 1: 3090 🟢 (Daily resistance cluster)

Take Profit 2: 3110 🟢 (Weekly R2 & swing high)

Intraday Sell Opportunity 🚨

Entry: 3142 🔴 (Weekly R3 & harmonic pattern completion)

Stop Loss: 3169 🔴 (Above monthly swing high)

Take Profit 1: 3090 🟢 (Daily pivot level)

Take Profit 2: 3058 🟢 (Weekly central pivot)

Risk Management Note ⚠️

Maintain 1:3 risk-reward ratio

Position sizing: ≤2% capital per trade

Monitor US Dollar Index (DXY) for confirmation

Chart Patterns Verified on TradingView 📊

All prices in USD/XAU 💰

Pro Tip: Combine these levels with volume profile analysis – current high-volume node at 3090 acts as confirmation zone for trade entries! 🔥