📈 Gold Daily Analysis Based on Main Key Levels – April 3, 2025

Daily Current Market Price (DCMP): 3,148 🔄

🗝️ Key Levels Summary

Below DCMP (Support)

Immediate Support: 3,112 (BUY/Support1)

Secondary Support: 3,103 (BUY/Support2)

Critical Floor: 3,087 (BUY/Support3)

Above DCMP (Resistance)

Near-Term Resistance: 3,143 (SELL/Resistance1)

Strong Resistance: 3,153 (SELL/Resistance2)

Major Ceiling: 3,168 (SELL/Resistance3)

Swing High/Low Levels (Daily/4H):

🚩 Swing High: 2,999

🚩 Swing Low: 2,956

🔍 Technical Analysis

1️⃣ Pivot Levels:

Daily Pivot: 3,128 (neutral bias above/below this level).

2️⃣ Fibonacci Retracement:

Key retracement zones align with support at 3,112 (38.2%) and resistance at 3,143 (61.8%).

3️⃣ RSI Divergence:

Bullish divergence forming near oversold territory, signaling potential upward momentum.

4️⃣ MACD Crossover:

Bearish crossover fading; watch for reversal confirmation above the signal line.

💡 Trade Setup

✅ Intraday Buy Trade

Entry Price: 3,142 📍

Stop Loss: 3,112 🛑

Take Profit 1: 3,153 🎯

Take Profit 2: 3,168 🎯

Rationale:

DCMP (3,148) holds above the daily pivot (3,128), with Fibonacci support at 3,112. RSI divergence and weakening MACD bearishness favor a rebound toward 3,153–3,168.

❌ Intraday Sell Trade

Entry Price: No Setup (Resistance above DCMP not breached).

Caution:

Strong resistance at 3,168 remains untested. Wait for bearish confirmation below 3,128 for sell signals.

📉 Critical Notes

Risk Management: Tight stop-losses recommended due to volatile swings.

Confirmation: Validate trades with 4-hour closing prices and volume spikes.

🔔 Disclaimer: This analysis is for educational purposes. Conduct independent research before trading.

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