Technical Analysis of GOLD - January 24, 2025

From a technical perspective, I observe that Gold has reached a price level worth considering for potential entry points. 

Let’s review the 1-hour time frame Gold chart below before diving into the analysis:

Using Price Action analysis (Trader's Pressure), it’s evident that Gold remains in a Bullish/Uptrend condition. However, we must also anticipate a possible trend reversal if the price breaks through the support area above or enters a consolidation phase.

Based on candle history, we can identify opportunities for buy entries, but to remain objective, I will provide analysis for both buy and sell setups.

From the chart above, buyer pressure (represented by the length of green candles) is steadily pushing prices upward without significant opposition from seller pressure (red candle lengths), forming higher lows. This indicates that buyers still dominate price formation at certain levels. However, there are still potential sell opportunities in Gold.

I’ve identified the following key areas:

• Resistance Zone: Between 2783.36 and 2773.87
• Support Zone: Between 2748.48 and 2738.76

Suggested Entry Setups

Here are my recommended setups based on your trading style:

Breakout Opportunity Setup

• For Buy Entry:
  If the 1-hour candle closes above the upper boundary of the resistance area (2783.36), prepare to find the best buy entry position.
• For Sell Entry:
  If the 1-hour candle closes below the lower boundary of the support area (2738.76), prepare to find the best sell entry position.

Stop Loss Guidelines:

• For Buy Entry: Place a stop loss if the 1-hour candle closes below the lower boundary of the resistance area (<2773.87).
• For Sell Entry: Place a stop loss if the 1-hour candle closes above the upper boundary of the support area (>2748.48).
• Use a minimum risk-reward ratio of 1:1.

Pullback Setup

1. Sell Position:
   Use the resistance area as a pullback zone. If the 1-hour candle closes within this area, you can take a sell position. Place a stop loss if the 1-hour candle closes above the upper boundary of the pullback area (>2783.36). Ensure a minimum risk-reward ratio of 1:1 based on your trading strategy.

2. Buy Position:
   Use the support area as a pullback zone. If the 1-hour candle closes within this area, you can take a buy position. Place a stop loss if the 1-hour candle closes below the lower boundary of the pullback area (<2738.76). Ensure a minimum risk-reward ratio of 1:1 based on your trading strategy.

Key Trading Tips

• Always implement proper money management to ensure sustainable trading.
• Stay cautious of potential fake breakout candles.

I hope this article serves as a valuable reference for your market analysis.

Happy Trading, everyone!

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Technical Analysis of GOLD – January 23, 2025

From a technical perspective, I observe that Gold is currently at a price level worth considering for potential entry points. 

Let’s take a look at the 1-Hour Time Frame Gold chart below before diving into the analysis:

Using Price Action analysis (Trader Pressure), it is clear that Gold remains in a Bullish/Uptrend condition. However, we must also anticipate a potential trend reversal if the price breaks through the Support area above or enters a price consolidation phase.

From the historical candlestick patterns, we can identify potential Buy opportunities. However, to maintain objectivity, I will provide an analysis for both Buy and Sell entries.

If we examine the chart, the Buyer pressure (represented by the length of green candles) is gradually pushing the price upward, while the Seller pressure (red candles) appears unable to counter it, forming Higher Lows. This indicates that Buyers still dominate the formation of certain price levels. Nevertheless, Sell opportunities can still be found in the Gold market.

In the chart, I have identified the Resistance area with lines above the price (2769.24 – 2760.38) and the Support area with two lines below the price (2738.10 – 2729.51).

Here are my entry setup options, which you can adapt to your trading style:

Breakout Opportunity Setup

• If the price closes a 1-hour candle above the Resistance Area upper limit (2769.24), prepare to look for the best Buy entry position.
• If the price closes a 1-hour candle below the Support Area lower limit (2729.51), prepare to look for the best Sell entry position.
• Apply a Stop Loss if the 1-hour candle closes below the Resistance Area lower limit (<2760.38) for Buy entries or above the Support Area upper limit (>2738.10) for Sell entries. Use a risk-reward ratio of at least 1:1.

Pullback Setup for Sell Position

• Use the Resistance Area for a pullback setup. If the 1-hour candle closes within the pullback area, take a Sell position and cut losses if the price closes above the upper pullback area (>2769.24). Maintain a minimum 1:1 risk-reward ratio based on your trading method.

Pullback Setup for Buy Position

• Use the Support Area for a pullback setup. If the 1-hour candle closes within the pullback area, take a Buy position and cut losses if the price closes below the lower pullback area (<2729.51). Maintain a minimum 1:1 risk-reward ratio based on your trading method.

Always apply proper money management for sustainable and healthy trading, and stay alert for Fake Breakout candles.

I hope this article serves as a useful reference for your market analysis.

Happy Trading, everyone!

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Technical Analysis of GOLD - January 22, 2025

From a technical perspective, I observe that the GOLD commodity has reached a price level that remains worthy of consideration for potential entry points.

Let’s review the 1-Hour Time Frame GOLD chart below before proceeding with the analysis:

Price Action Analysis (Trader Pressure)

In the current market trend, GOLD appears to be in a Bullish/Uptrend condition. However, we must also anticipate potential trend reversals if the price breaks through the Support area mentioned above or consolidates.

From the candlestick history, there are opportunities to look for Buy entries, but to remain objective, I will present an analysis for both Buy and Sell entries.

Looking at the chart above, Buyer pressure (long Green candles) has gradually pushed the price upward without significant resistance from Seller pressure (long Red candles), forming a Higher Low.

This indicates that Buyers continue to dominate the formation of specific price levels. However, Sell opportunities can still be found in this GOLD commodity.

On the chart, I’ve identified the Resistance area with lines above the price (2769.24 – 2760.38) and the Support area with lines below the price (2738.10 – 2729.51).

Entry Setup Options

Below are my suggested entry setups, which you can adjust based on your trading style:

Breakout Opportunity Setup

• If the price closes the 1-Hour candle above the Upper Resistance Area boundary (2769.24), prepare to look for the best Buy entry position.
• If the price closes the 1-Hour candle below the Lower Support Area boundary (2729.51), prepare to look for the best Sell entry position.
• Stop Loss:
  • For Buy entries: Place a Stop Loss if the 1-Hour candle closes below the lower Resistance Area boundary (<2760.38).
  • For Sell entries: Place a Stop Loss if the 1-Hour candle closes above the upper Support Area boundary (>2738.10).
• Maintain a minimum risk-to-reward ratio of 1:1.

Pullback Setup for Sell Positions

• Use the Resistance area for the Pullback setup.
• If the 1-Hour candle closes within the pullback area, consider taking a Sell position.
• Place a Stop Loss if the 1-Hour candle closes above the upper boundary of the pullback area (>2769.24).
• Maintain a minimum risk-to-reward ratio of 1:1, in line with your trading approach.

Pullback Setup for Buy Positions

• Use the Support area for the Pullback setup.
• If the 1-Hour candle closes within the pullback area, consider taking a Buy position.
• Place a Stop Loss if the 1-Hour candle closes below the lower boundary of the pullback area (<2729.51).
• Maintain a minimum risk-to-reward ratio of 1:1, in line with your trading approach.

Always apply proper money management in every trade to ensure healthy trading practices, and stay vigilant against Fake Breakout Candles.

I hope this article serves as a useful reference for your market analysis.

Happy Trading, everyone!

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