Technical Analysis of GOLD – March 3, 2025

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

Let's first take a look at the 1-hour timeframe Gold chart before diving into the analysis:

Price Action Analysis (Trader Pressure)

The market trend indicates that Gold is still 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 consolidation phase.

By analyzing the historical candlestick patterns, we can identify Buy entry opportunities. However, to maintain objectivity, I will present an analysis for both Buy and Sell entries.

Observing the chart above, we can see that Buyer pressure (long Green candles) has been gradually pushing the price higher without significant resistance from Seller pressure (long Red candles), forming a Higher Low pattern. This suggests that Buyers are still dominating the price action at key levels. However, Sell opportunities can still be found in this Gold market.

In the chart, I have identified the Resistance Area between 2882.21 – 2871.94 and the Support Area between 2846.70 – 2837.32.

Entry Setup Options

You can use the following entry setups based on your trading style:

Breakout Opportunity Setup

• If the 1-hour candle closes above the Resistance Area (2882.21), prepare to look for the best Buy entry positions.
• If the 1-hour candle closes below the Support Area (2837.32), prepare to look for the best Sell entry positions.
• Stop Loss (Cut Loss) Strategy:
  • For Buy entries, exit the trade if the 1-hour candle closes below 2871.94.
  • For Sell entries, exit the trade if the 1-hour candle closes above 2846.70.
• Apply a minimum risk-reward ratio of 1:1.

Pullback Setup for Sell Entry

• Use the Resistance Area as a reference.
• If the 1-hour candle closes within the pullback area, consider entering a Sell position.
• Stop Loss (Cut Loss) if the 1-hour candle closes above 2882.21.
• Apply a minimum risk-reward ratio of 1:1 according to your trading strategy.

Pullback Setup for Buy Entry

• Use the Support Area as a reference.
• If the 1-hour candle closes within the pullback area, consider entering a Buy position.
• Stop Loss (Cut Loss) if the 1-hour candle closes below 2837.32.
• Apply a minimum risk-reward ratio of 1:1 according to your trading strategy.

Final Thoughts

Always apply proper risk management for sustainable and healthy trading. Also, be cautious of fake breakouts that may occur.

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

Happy Trading, everyone! 🚀

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