⚡Gold Daily Analysis Based on Main Key Levels - April 9, 2025
- Neom
- Apr 9
- 1 min read
Daily Current Market Price (DCMP): 3009 🔍
Critical Price Framework 🔥
Above DCMP (Resistance)
3015 🟥 (Immediate Resistance)
3041 ⚠️ (Critical Resistance)
Below DCMP (Support)
2979 🟩 (Primary Support)
2945 🛑 (Critical Floor)
Swing Levels
Swing High: 2999
Swing Low: 2956
Technical Confluence 🔍
Fibonacci & Pivot Alignment
2979 Support: 38.2% Fib retracement of March rally + Weekly BUY/Support2
3015 Resistance: 61.8% Fib extension + Daily SELL/Resistance1
Momentum Indicators
RSI: 54.6 (Neutral with bullish divergence on 4H chart)
MACD: Bullish crossover imminent on daily timeframe
Intraday Trade Setups ⚡
🟢 Intraday Buy Trade Idea
Entry: 2979 🟩 (Weekly BUY/Support2)
Stop Loss: 2945 🛑 (-34 pips)
Take Profit 1: 3009 🎯 (+30 pips)
Take Profit 2: 3015 🚀 (+36 pips)
Rationale: Strong confluence of Fib support + institutional buying zone.
🔴 Intraday Sell Trade Idea
Entry: 3015 🟥 (Daily SELL/Resistance1)
Stop Loss: 3041 ⚠️ (+26 pips)
Take Profit 1: 2979 📉 (-36 pips)
Take Profit 2: 2956 🛑 (-59 pips)
Rationale: Price rejection at Fib extension + bearish order block.
Key Technical Drivers 🛠️
Critical Resistance Cluster: 3015-3041 (Daily/Weekly pivots + Fib levels)
Support Zone: 2979-2945 (Institutional liquidity pool)
Catalyst: Federal Reserve policy meeting minutes (2PM EST)
Risk Management Protocol ⚠️
Position sizing ≤0.5% per trade
Trailing stop activation at 1:1.5 R/R ratio
Avoid trading during US CPI data release (8:30 AM EST)
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