🔍Gold Daily Analysis Based on Main Key Levels - April 4, 2025
- Neom
- 2 days ago
- 1 min read
Daily Current Market Price (DCMP): 3102 💰
Key Levels & Market Structure 🗺️
🔴 Resistance Cluster (Above 3102)
Immediate Resistance: 3110 🚩
Critical Resistance: 3142 ⚠️
🟢 Support Zone (Below 3102)
Primary Support: 3090 🛡️
Critical Floor: 3058 🛑
Swing Levels 📈
Swing High: 2999
Swing Low: 2956
Technical Framework 🔧
Fibonacci Confluence
3090 aligns with 38.2% retracement of Q1 rally
3110 coincides with 127.2% extension level
Momentum Indicators
RSI at 48.7 (neutral bias)
MACD histogram testing zero line
Intraday Trade Setups ⚡
🟢 Buy Trade Idea
Entry: 3090 🎯
Stop Loss: 3058 🔴
Take Profit 1: 3110 📈 (1:2 R/R)
Take Profit 2: 3142 📈 (1:4 R/R)
Rationale: Price interaction at Fibonacci confluence zone (3090) with MACD potential bullish crossover.
🔴 Sell Trade Idea
Entry: 3110 🎯
Stop Loss: 3142 🔴
Take Profit 1: 3090 📉 (1:1.5 R/R)
Take Profit 2: 3058 📉 (1:3 R/R)
Rationale: Resistance cluster at 3110 with bearish RSI divergence on 4H chart.
Risk Management Protocol ⚠️
Position size ≤2% of capital
Adjust stop loss to breakeven at TP1
Monitor US Treasury yield movements
Analysis valid until NY close. Chart patterns confirmed via TradingView.
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