GOLD Technical Analysis – April 7, 2025

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

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

We will analyze this using Price Action (Trader Pressure). The overall market trend shows that GOLD remains in a Bullish / Uptrend phase. However, we also need to anticipate a possible trend reversal if the price breaks below the support area, or a period of price consolidation.

Looking at the candlestick history, there is potential for a Buy entry, but to remain objective, I’ll provide analysis for both buy and sell opportunities.

In the chart above, you can observe that Buyer pressure (represented by long green candles) is gradually pushing the price higher without significant resistance from Sellers (shorter red candles), forming a Higher Low structure. This indicates that buyers are still dominating the market and shaping key price levels. That said, there are still opportunities for Sell entries in Gold.

In the chart, I’ve identified:

• Resistance area at: 3074.84 – 3059.47

• Support area at: 3014.73 – 3000.50

Here are my suggested entry setups. You can adjust them to suit your trading style:

Breakout Opportunity Setup:

• If the 1-hour candle closes above the upper resistance boundary (3074.84), prepare to look for the best Buy entry.

• If the 1-hour candle closes below the lower support boundary (3000.50), prepare to look for the best Sell entry.

Cut Loss Rules:

• For Buy entries, cut loss if the 1-hour candle closes below 3059.47

• For Sell entries, cut loss if the 1-hour candle closes above 3014.73

Maintain a minimum risk-reward ratio of 1:1.

Pullback Setup for Sell Positions:

Use the resistance area as your pullback zone.

If the 1-hour candle closes within the pullback area, you may enter a Sell position, and cut loss if the 1-hour candle closes above 3074.84.

Apply a risk-reward ratio of at least 1:1 based on your trading style.

Pullback Setup for Buy Positions:

Use the support area as your pullback zone.

If the 1-hour candle closes within the pullback area, you may enter a Buy position, and cut loss if the 1-hour candle closes below 3000.50.

Apply a risk-reward ratio of at least 1:1 based on your trading strategy.

Always apply proper money management with every entry to maintain healthy trading practices, and stay alert for Fake Breakout Candles.

I hope this article can be a helpful reference for your market analysis.

Happy Trading, everyone!

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