Technical Analysis of GOLD – April 14, 2025

From a technical standpoint, I observe that GOLD has entered a price zone 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:

Let’s analyze the chart using Price Action (Trader Pressure). The market trend indicates that GOLD remains in a bullish/uptrend condition. However, we must also be prepared for a possible trend reversal if the price breaks through the support area, or if it moves into a consolidation phase.

Looking at recent candlestick history, there are opportunities for Buy entries. But to keep things objective, I’ll provide analysis for both Buy and Sell scenarios.

On the chart, we can see that buyer pressure (long green candles) is gradually pushing the price higher, without much resistance from the sellers (shorter red candles), forming a series of Higher Lows. This indicates that buyers are still dominating the price action and key level formations. However, Sell opportunities may still arise within this GOLD commodity.

Based on the chart, I’ve identified the Resistance Area between 3295.91 – 3269.50, and the Support Area between 3196.51 – 3169.50.

Entry Setup Options – Adjust Based on Your Trading Style:

1. Breakout Opportunity Setup:

• If the 1-hour candle closes above the upper boundary of the resistance area (3295.91), look for the best Buy entry opportunity.

• If the 1-hour candle closes below the lower boundary of the support area (3169.50), look for the best Sell entry opportunity.

• For Buy entries, set a stop loss if the 1-hour candle closes below 3269.50.

• For Sell entries, set a stop loss if the 1-hour candle closes above 3196.51.

• Always use a minimum 1:1 risk-reward ratio.

2. Pullback Setup for Sell Entry:

• Use the resistance area as your pullback zone.

• If the 1-hour candle closes within this area, consider opening a Sell position.

• Set your stop loss above 3295.91, and apply a minimum 1:1 risk-reward ratio, according to your trading style.

3. Pullback Setup for Buy Entry:

• Use the support area as your pullback zone.

• If the 1-hour candle closes within this area, consider opening a Buy position.

• Set your stop loss below 3169.50, and apply a minimum 1:1 risk-reward ratio, tailored to your trading method.

Always apply good money management in every trade for long-term trading sustainability, and be cautious of fake breakout candles.

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

Happy Trading, everyone!

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GOLD Technical Analysis – April 10, 2025

From a technical standpoint, I see that Gold has reached a price level worth considering for potential entry setups.

Let’s first take a look at the 1-hour timeframe chart of Gold:

Now, let’s analyze using Price Action (Trader Sentiment) analysis. Currently, Gold appears to be in a bullish/uptrend condition. However, we must remain cautious of a potential trend reversal if the price breaks below the key support area or enters a consolidation phase.

Based on recent candlestick history, we can still look for buy opportunities, but to remain objective, I will present setups for both buy and sell entries.

Looking at the chart, we observe that buyer pressure (long green candles) is gradually pushing the price higher, uncontested by the seller pressure (shorter red candles), forming a pattern of higher lows. This indicates that buyers are still dominating the market and are establishing key price levels. That said, sell opportunities may still arise.

On the chart, I’ve identified the following key price levels:

• Resistance Area: Between 3136.06 – 3117.46

• Support Area: Between 3062.42 – 3045.34

Here are my suggested entry setups. You may adjust them to fit your trading style:

🔹 Breakout Opportunity Setup

• Buy Setup: If a 1-hour candle closes above the upper boundary of the resistance area (3136.06), prepare to enter a buy position.

• Sell Setup: If a 1-hour candle closes below the lower boundary of the support area (3045.34), prepare to enter a sell position.

• Stop Loss (Cut Loss):

  • For a buy entry: set stop loss if the 1-hour candle closes below 3117.46.

  • For a sell entry: set stop loss if the 1-hour candle closes above 3062.42.

• Always maintain a minimum risk-reward ratio of 1:1.

🔹 Pullback Opportunity Setup

Sell on Pullback:

• Watch for a price retracement to the resistance area.

• If a 1-hour candle closes within the resistance zone, consider entering a sell position.

• Place stop loss above 3136.06, and maintain at least a 1:1 risk-reward ratio.

Buy on Pullback:

• Watch for a retracement to the support area.

• If a 1-hour candle closes within the support zone, consider entering a buy position.

• Place stop loss below 3045.34, and maintain at least a 1:1 risk-reward ratio.

📌 Always apply proper money management in every trade to support long-term, sustainable trading. Also, stay alert for fake breakouts which may mislead your entries.

I hope this analysis can serve as a useful reference for your market decision-making.

Happy Trading, everyone!

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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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Technical Analysis of GOLD – March 28, 2025

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

Let's take a look at the 1-hour time frame Gold chart before proceeding with the analysis:

Using Price Action analysis (Trader Pressure), we can observe that GOLD remains in a Bullish/Uptrend condition. However, we should also anticipate a trend reversal if the price breaks through the Support area above and consider possible price consolidation.

Looking at the candlestick history, we can identify buy entry opportunities. 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 gradually pushed the price higher, without strong resistance from sellers (long red candles), forming a Higher Low.

This indicates that buyers are still dominating the formation of certain price levels. However, sell opportunities can still be found in GOLD commodities.

On the chart, I have identified a Resistance area through the lines above the price (3082.46 – 3036.63). For the Support area, we can refer to the two lines below the price (3057.80 – 3050.61).

Entry Setup Options:

You can use these setups based on your trading style.

Breakout Opportunity Setup:

• If the 1-hour candle closes above the Resistance Area Upper Limit (3082.46), be prepared to look for the best Buy entry position.

• If the 1-hour candle closes below the Support Area Lower Limit (3050.61), be prepared to look for the best Sell entry position.

• Cut Loss:

  • For Buy entry: If the 1-hour candle closes below the lower limit of the resistance area (<3036.63).

  • For Sell entry: If the 1-hour candle closes above the upper limit of the support area (>3057.80).

• Maintain a minimum risk ratio of 1:1.

Pullback Setup for Sell Entry:

• Use the resistance area as the pullback zone.

• If the 1-hour candle closes within the pullback area, you may enter a Sell position.

• Cut Loss: If the 1-hour candle closes above the upper pullback limit (>3082.46).

• Maintain a minimum risk ratio of 1:1, according to your trading strategy.

Pullback Setup for Buy Entry:

• Use the support area as the pullback zone.

• If the 1-hour candle closes within the pullback area, you may enter a Buy position.

• Cut Loss: If the 1-hour candle closes below the lower pullback limit (<3050.61).

• Maintain a minimum risk ratio of 1:1, according to your trading strategy.

Always apply proper money management in every entry to ensure sustainable trading. Stay alert to Fake Breakout Candles to avoid unnecessary risks.

Hopefully, this analysis can serve as a reference for your market evaluation.

Happy Trading, everyone!

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Gold Prices Rise as Trump's Auto Tariffs Shake Markets

 

Gold prices rose in Asian trading on Thursday, supported by increased safe-haven demand after U.S. President Donald Trump imposed a 25% trade tariff on all car imports, marking an escalation in his tariff agenda.

Goldman Sachs also raised its 2025 gold price target, citing strong central bank demand and robust inflows from exchange-traded funds (ETFs).

Trump’s tariffs—set to take effect on April 2 along with several other duties—triggered a risk-off movement across global markets, with Wall Street and Asian stocks posting significant losses.

This boosted safe-haven demand for gold amid growing concerns that Trump would follow through on his other tariff threats.

Gold Holds Near Record Highs

Spot gold rose 0.4% to $3,032.21 per ounce, staying near its recent record highs. Gold futures for May delivery climbed 0.5% to $3,067.42/oz as of 01:10 ET (05:10 GMT).

Gold Supported by Safe-Haven Demand Amid Tariff Fears

Although gold saw some profit-taking earlier this week, its price remains near all-time highs as uncertainty over U.S. trade and economic policies continues to drive safe-haven demand.

Trump’s latest auto tariffs are expected to impact major economies, including Japan, Europe, and South Korea. The tariffs could also lead to higher U.S. car prices, potentially fueling inflation.

Trump is set to announce a series of retaliatory tariffs on April 2 against at least 15 major U.S. trading partners. The president has also threatened tariffs on key commodity imports and other sectors such as semiconductors and pharmaceuticals.

Europe, Canada, China, and Mexico have condemned the tariffs and threatened countermeasures, raising fears of a global trade war that could slow economic growth. This has kept traders leaning toward gold as a safe-haven asset.

Other Precious Metals and Copper Prices

Other precious metals showed mixed movements on Thursday. Platinum futures fell 0.1% to $968.20/oz, while silver futures rose 0.4% to $34.345/oz.

Among industrial metals, copper prices remained supported by expectations of tighter supply, especially if Trump imposes tariffs on copper imports. Benchmark copper futures on the London Metal Exchange rose 0.4% to $9,969.20 per ton, while U.S. copper futures inched up 0.1% to $5.2485 per pound.

U.S. copper futures hit a record high this week amid bets that Trump's tariffs would severely limit the country’s physical copper supply.

Goldman Sachs Raises 2025 Gold Price Forecast to $3,300/oz

Goldman Sachs raised its year-end 2025 gold price forecast to $3,300/oz from $3,100/oz, citing stronger-than-expected ETF inflows and sustained central bank demand, particularly in Asia and emerging markets.

The bank expects major Asian central banks to continue aggressively purchasing gold over the next three to six years to meet higher gold reserve targets.

On the ETF side, Goldman Sachs predicts more inflows from traders seeking a safe haven, especially if a U.S. recession occurs. This, along with rising demand for gold as a hedge, could push prices as high as $3,680/oz by the end of 2025.

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Technical Analysis of GOLD – March 26, 2025

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

Let's take a look at the 1-Hour Time Frame chart below before we begin our analysis:

Using Price Action Analysis (Trader Pressure), we can observe that GOLD remains in a Bullish/Uptrend. However, we must also anticipate potential trend reversals if the price breaks the Support Area above or enters a consolidation phase.

Based on historical candle patterns, we can look for Buy entry opportunities. However, to remain objective, I will provide an analysis for both Buy and Sell entry options.

If we examine the chart, we see that buyer pressure (long green candles) is gradually pushing the price higher, while seller pressure (long red candles) fails to counteract this movement, forming Higher Lows.

This indicates that buyers are still dominating price formation at certain levels. However, there are still Sell opportunities in GOLD.

Key Levels of Interest

• Resistance Area: 3047.30 – 3036.63

• Support Area: 3008.70 – 2996.38

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Potential Entry Setups

1. Breakout Opportunity Setup

• If the 1-hour candle closes above the upper Resistance Area (3047.30), prepare to find the best Buy Entry position.

• If the 1-hour candle closes below the lower Support Area (2996.38), prepare to find the best Sell Entry position.

• Stop Loss (Cut Loss):

  • For Buy Entry: If the 1-hour candle closes below 3036.63, exit the position.

  • For Sell Entry: If the 1-hour candle closes above 3008.70, exit the position.

• Risk-to-Reward Ratio: Maintain a minimum 1:1 ratio.

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2. Pullback Setup for Sell Position

• Pullback Area: Resistance Zone

• If the 1-hour candle closes within the pullback area, a Sell position can be taken.

• Stop Loss: If the 1-hour candle closes above 3047.30, exit the position.

• Maintain a minimum 1:1 risk-to-reward ratio according to your trading strategy.

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3. Pullback Setup for Buy Position

• Pullback Area: Support Zone

• If the 1-hour candle closes within the pullback area, a Buy position can be taken.

• Stop Loss: If the 1-hour candle closes below 2996.38, exit the position.

• Maintain a minimum 1:1 risk-to-reward ratio according to your trading strategy.

Always implement proper risk management in every trade to ensure long-term success and be cautious of fake breakout candles.

I hope this analysis serves as a helpful reference for your market decisions.

Happy Trading, everyone!

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Spot Gold Price Slightly Rises to $3,015.66 on Tuesday (March 25) Afternoon

 

Gold prices edged up on Tuesday (March 25) amid ongoing uncertainty over the new tariffs set to be implemented by the Trump administration next week. Concerns over a potential slowdown in the US economy and rising inflation continue to drive demand for safe-haven assets.

According to Reuters, spot gold rose 0.1% to $3,015.66 per troy ounce at 06:44 GMT, while US gold futures also gained 0.1% to $3,019.70.

"Uncertainty remains over the extent and scope of upcoming US retaliatory tariffs ... gold continues to gain support as a hedge against potential shocks," said Yeap Jun Rong, a market analyst at IG.

On Monday, President Donald Trump stated that auto tariffs would soon be implemented but hinted that not all threatened tariffs would take effect on April 2. Wall Street interpreted this as a sign of flexibility after weeks of uncertainty that rattled markets.

Trump’s tariff policies are expected to slow economic growth, heighten trade tensions, and fuel inflation.

Raphael Bostic, President of the Atlanta Federal Reserve Bank, mentioned that he expects inflation to remain subdued for longer than anticipated. As a result, he now foresees the Fed cutting its benchmark interest rate by just a quarter percentage point by the end of 2025.

Gold, widely seen as a hedge against economic and geopolitical uncertainty, typically strengthens in a low-interest-rate environment.

Markets are now awaiting the release of the Personal Consumption Expenditures (PCE) Index, the Fed’s preferred inflation gauge, on Friday to gauge the central bank's next policy move.

Meanwhile, investment funds allocating capital to gold mining companies are expected to see their largest inflows in over a year this March, driven by record gold prices that enhance profit outlooks and corporate cash flows.

Elsewhere, spot silver rose 0.3% to $33.10 per troy ounce, platinum gained 0.2% to $974.65, and palladium added 0.2% to $953.53.

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Technical Analysis of GOLD – March 24, 2025

From a technical perspective, Gold is currently at a price level 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 (Trader Pressure) Analysis

The market trend shows that GOLD remains in a Bullish/Uptrend, but we must also anticipate a possible trend reversal if the price breaks below the Support area or enters a consolidation phase.

Based on historical candlestick patterns, we can find potential Buy entries, but to stay objective, this analysis will provide setups for both Buy and Sell entries.

From the chart above, we can observe buyer pressure (long green candles) gradually pushing prices higher, while sellers (red candles) struggle to counteract this movement. The formation of Higher Lows indicates that buyers still dominate key price levels. However, potential Sell opportunities can still be found in the GOLD market.

I have identified Resistance and Support areas as follows:

• Resistance Area: 3047.30 – 3036.63

• Support Area: 3008.70 – 2996.38

Recommended Entry Setups

Breakout Opportunity Setup

• If the 1-hour candle closes above the Resistance Area (3047.30), look for the best Buy entry opportunities.

• If the 1-hour candle closes below the Support Area (2996.38), look for the best Sell entry opportunities.

• Stop Loss:

  • For Buy entry, cut loss if the 1-hour candle closes below 3036.63.

  • For Sell entry, cut loss if the 1-hour candle closes above 3008.70.

• Use a minimum risk-to-reward ratio of 1:1.

Pullback Setup for Sell Position

• If the 1-hour candle closes within the Resistance Area, consider entering a Sell position.

• Cut Loss if the 1-hour candle closes above 3047.30.

• Use a minimum risk-to-reward ratio of 1:1 according to your trading strategy.

Pullback Setup for Buy Position

• If the 1-hour candle closes within the Support Area, consider entering a Buy position.

• Cut Loss if the 1-hour candle closes below 2996.38.

• Use a minimum risk-to-reward ratio of 1:1 according to your trading strategy.

Always apply proper money management in every trade to ensure a sustainable trading approach. Be cautious of fake breakout candles that may lead to false signals.

Hopefully, this analysis can serve as a valuable reference for your market analysis.

Happy Trading, everyone! 🚀

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Technical Analysis of GOLD – March 19, 2025

From a technical perspective, I see that the GOLD commodity has reached a price level worth considering for potential entry points.

Let's take a look at the 1-hour timeframe GOLD chart before we proceed with the analysis:

Using Price Action analysis (Trader Pressure), we can observe that GOLD remains in a Bullish/Uptrend condition. However, we should also anticipate a potential trend reversal if the price breaks through the Support area above, as well as possible price consolidation.

Looking at the candlestick history, we can identify Buy entry opportunities. 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) is gradually pushing the price higher, without being countered by Seller pressure (long Red candles), forming a Higher Low.

This indicates that Buyers are still dominating the formation of specific price levels. However, there are still potential Sell opportunities in GOLD.

In the chart, I have identified the Resistance area with the upper price lines (3053.89 – 3042.45), while the Support area is marked by two lower price lines (3013.04 – 3001.32).

Entry Setup Options

You can adjust the following setups to fit your trading style:

Breakout Opportunity Setup:

• If the 1-hour candle closes above the upper Resistance boundary (3053.89), prepare to look for the best Buy entry position.
• If the 1-hour candle closes below the lower Support boundary (3001.32), prepare to look for the best Sell entry position.
• Cut Loss:
  • For a Buy entry, exit the trade if the 1-hour candle closes below the lower Resistance boundary (<3042.45).
  • For a Sell entry, exit the trade if the 1-hour candle closes above the upper Support boundary (>3013.04).
  • Maintain a minimum risk-reward ratio of 1:1.

Pullback Setup for Sell Position:

• The Pullback Area is based on the Resistance zone.
• If the 1-hour candle closes within the pullback area, a Sell position can be taken.
• Cut Loss: If the 1-hour candle closes above the upper boundary of the Pullback Area (>3053.89).
• Use a minimum risk-reward ratio of 1:1 according to your trading strategy.

Pullback Setup for Buy Position:

• The Pullback Area is based on the Support zone.
• If the 1-hour candle closes within the pullback area, a Buy position can be taken.
• Cut Loss: If the 1-hour candle closes below the lower boundary of the Pullback Area (<3001.32).
• Use a minimum risk-reward ratio of 1:1 according to your trading strategy.

Always implement proper money management in every entry to ensure a sustainable trading approach, and stay cautious of Fake Breakout Candles.

Hopefully, this analysis can serve as a useful reference for your market analysis.

Happy Trading, everyone!

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Gold Technical Analysis – March 18, 2025

From a technical perspective, I see that 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 chart of Gold before conducting the analysis:

Using Price Action (Trader Pressure) Analysis, we can see that Gold remains in a bullish/uptrend. However, we must also anticipate a possible trend reversal if the price breaks through the support area above, as well as potential price consolidation.

Looking at historical candles, we can find buying opportunities, but to remain objective, I will present an analysis for both buy and sell entries.

Examining the chart, buyer pressure (long green candles) is gradually pushing the price higher without significant opposition from seller pressure (long red candles), forming higher lows. This indicates that buyers are still dominating the formation of certain price levels. However, sell opportunities can still be found in this Gold market.

Key Support and Resistance Areas:

• Resistance Area: 3023.25 – 3014.31
• Support Area: 2989.46 – 2980.67

Entry Setup Options:

1. Breakout Opportunity Setup:

• If the 1-hour candle closes above the Resistance Area (3023.25), be prepared to find the best Buy entry position.
• If the 1-hour candle closes below the Support Area (2980.67), be prepared to find the best Sell entry position.
• Stop Loss:
  • For Buy Entry: If the 1-hour candle closes below 3014.31, exit the trade.
  • For Sell Entry: If the 1-hour candle closes above 2989.46, exit the trade.
  • Maintain a minimum risk-reward ratio of 1:1.

2. Pullback Setup for Sell Position:

• Use the Resistance Area as a reference.
• If the 1-hour candle closes within the pullback area, take a Sell position.
• Cut Loss if the 1-hour candle closes above 3023.25.
• Maintain a minimum risk-reward ratio of 1:1 according to your trading strategy.

3. Pullback Setup for Buy Position:

• Use the Support Area as a reference.
• If the 1-hour candle closes within the pullback area, take a Buy position.
• Cut Loss if the 1-hour candle closes below 2980.67.
• Maintain a minimum risk-reward ratio of 1:1 according to your trading strategy.

Always use proper money management for sustainable and healthy trading. Be cautious of fake breakout candles that might trigger false entries.

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

Happy Trading, everyone! 🎯📈

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Technical Analysis of GOLD – March 17, 2025

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

Let's take a look at the 1-Hour Time Frame Gold Chart before diving into the analysis:

Price Action Analysis (Trader Pressure)

Gold is still in a Bullish/Uptrend condition, but we must also anticipate a trend reversal if the price breaks through the support area, as well as price consolidation.

By analyzing candle history, we can look for Buy opportunities. However, to stay objective, I will provide both Buy and Sell entry scenarios.

Observing the chart, the Buyer pressure (long green candles) has been pushing the price upward, while the Seller pressure (long red candles) has been unable to counter it, forming Higher Lows. This indicates that Buyers are still dominating certain price levels. However, Sell opportunities may still arise in Gold.

In the chart, I have marked the Resistance area between 3009.33 – 2999.98 and the Support area between 2976.00 – 2968.04.

Entry Setup Options

Breakout Opportunity Setup

• If the 1-hour candle closes above the Resistance Area (3009.33), look for the best Buy entry opportunity.
• If the 1-hour candle closes below the Support Area (2968.04), look for the best Sell entry opportunity.
• Cut Loss if the 1-hour candle closes below 2999.98 for Buy entries or above 2976.00 for Sell entries.
• Maintain a minimum 1:1 risk-reward ratio.

Pullback Setup for Sell Entries

• Use the Resistance Area for pullback entries.
• If the 1-hour candle closes within the pullback area, take a Sell position.
• Cut Loss if the 1-hour candle closes above 3009.33.
• Maintain a minimum 1:1 risk-reward ratio.

Pullback Setup for Buy Entries

• Use the Support Area for pullback entries.
• If the 1-hour candle closes within the pullback area, take a Buy position.
• Cut Loss if the 1-hour candle closes below 2968.04.
• Maintain a minimum 1:1 risk-reward ratio.

Always implement good money management to ensure sustainable trading. Stay alert for Fake Breakout Candles to avoid false signals.

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

Happy Trading! 🚀

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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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