Rationale: Price aligns with weekly pivot support and Fibonacci retracement. RSI divergence suggests bullish reversal.
2️⃣ Intraday Sell Setup
Entry: 2952 🔴 (Confluence of Daily/Weekly Resistance) Stop Loss: 2970 🔴 Take Profit 1: 2939 🟡 (DCMP Level) Take Profit 2: 2923 🟢 (Weekly Pivot)
Rationale: Strong resistance cluster at 2952–2956; MACD bearish crossover anticipated.
Final Take 🎯
Gold’s price action hinges on 2923–2952 range. A break above 2952 could target 2970+, while failure to hold 2923 may extend declines to 2908. Pair pivot levels with RSI/MACD signals for high-probability trades.