Technical Analysis of GOLD – February 26, 2025

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

Before we analyze further, let's take a look at the Gold 1-hour time frame chart:

Price Action Analysis (Trader Pressure)

In the current market trend, Gold remains in a bullish/uptrend condition. However, we must also anticipate a possible trend reversal if the price breaks through the support area or enters a consolidation phase.

Looking at the candle history, there are opportunities to enter buy positions. However, to remain objective, I will provide an analysis for both buy and sell entries.

From the chart, we can see that buyer pressure (long green candles) has been gradually pushing the price higher, while seller pressure (long red candles) has been unable to counter it, forming higher lows. This indicates that buyers still dominate the formation of price levels. However, sell opportunities can still be found within this commodity.

Key Levels

• Resistance Area: 2941.73 – 2935.57
• Support Area: 2917.39 – 2911.08

Entry Setup Options

1. Breakout Opportunity Setup:

• If the 1-hour candle closes above the upper resistance level (2941.73), look for the best buy entry opportunities.
• If the 1-hour candle closes below the lower support level (2911.08), look for the best sell entry opportunities.
• Stop Loss:
  • For buy entries, exit if the 1-hour candle closes below 2935.57.
  • For sell entries, exit if the 1-hour candle closes above 2917.39.
• Maintain a minimum risk-reward ratio of 1:1.

2. Pullback Setup for Sell Entry:

• If the 1-hour candle closes within the resistance pullback area, consider taking a sell position.
• Cut loss if the 1-hour candle closes above 2941.73.
• Maintain a minimum risk-reward ratio of 1:1 based on your trading strategy.

3. Pullback Setup for Buy Entry:

• If the 1-hour candle closes within the support pullback area, consider taking a buy position.
• Cut loss if the 1-hour candle closes below 2911.08.
• Maintain a minimum risk-reward ratio of 1:1 based on your trading strategy.

Always apply proper money management in every entry to ensure sustainable trading. Also, remain cautious of fake breakout candles.

Hopefully, this analysis serves as a useful reference for your market evaluation.

Happy Trading, everyone! 🚀

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