📊 Gold Daily Analysis Based on Main Key Levels - April 7, 2025

Daily Current Market Price (DCMP): 🟡 3,038

📊 Key Price Structure

Below DCMP (Support):

✅ 3,017 (S1) → 2,988 (S2) → 2,942 (S3)

Above DCMP (Resistance):

⛔ 3,109 (R1) → 3,138 (R2) → 3,184 (R3)

Swing Levels (4HR/Daily):

🔺 Swing High: 2,999

🔻 Swing Low: 2,956

📈 Technical Outlook

Fibonacci & Pivot Confluence

Bullish Zone: 3,017-3,038 aligns with 38.2% Fib retracement

Bearish Threshold: Close below 2,956 invalidates bullish structure

Momentum Indicators

🎚️ RSI: 54 (Neutral bias)

📉 MACD: Bullish crossover emerging at 3,015

💡 Trade Setups

1️⃣ Intraday Buy Opportunity

Entry: 🎯 3,073 (Weekly Pivot Support)

Stop Loss: 🚫 3,031 (Below Fib Cluster)

Take Profit 1: ✅ 3,109 (Daily R1)

Take Profit 2: 🏆 3,138 (Daily R2 + 61.8% Fib Extension)

2️⃣ Intraday Sell Opportunity

Entry: 🎯 3,131 (Weekly Pivot Resistance)

Stop Loss: 🚫 3,165 (Above Confluence Zone)

Take Profit 1: ✅ 3,088 (DCMP Re-test)

Take Profit 2: 🏆 3,038 (200-HMA Support)

⚖️ Risk Management Tips

Use 1:2 risk-reward ratio minimum

Confirm with 15-min candle closes beyond key levels

Watch for USD index reversal signals at NY session open

Note: Prices based on COMEX Gold Futures. Times in EST.

📆 Midday Session Watch

Critical Test: DCMP 3,038 acting as psychological pivot

Breakout Alert: Sustained move above 3,109 suggests rally continuation

Breakdown Risk: Close below 2,988 may trigger algo-driven selling