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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Technical Analysis of GOLD - January 21, 2025

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

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

Price Action Analysis (Trader's Pressure)

Based on the market trend, GOLD remains in a Bullish/Uptrend condition. However, we should also anticipate a potential trend reversal if the price breaks below the support area or enters a consolidation phase.

From the candle history, we can identify opportunities to enter Buy positions. However, to stay objective, I will provide an analysis for both Buy and Sell entries.

Looking at the chart, the dominance of Buyers (as indicated by the length of green candles) is gradually pushing the price higher, while Sellers (represented by the red candles) struggle to counter this movement. This results in the formation of higher lows, indicating that Buyers are still dominating certain price levels.

However, Sell opportunities can still be found in this GOLD commodity.

On the chart, I have identified:

• Resistance Area: Marked by lines above the price (2723.57 – 2717.93).
• Support Area: Marked by two lines below the price (2702.03 – 2696.27).

Suggested Entry Setups

1. Breakout Opportunity Setup

• If the 1-hour candle closes above the upper boundary of the Resistance Area (2723.57), prepare to look for the best Buy entry position.
• If the 1-hour candle closes below the lower boundary of the Support Area (2696.27), prepare to look for the best Sell entry position.
• For a Buy entry, set a Cut Loss if the 1-hour candle closes below the lower boundary of the Resistance Area (<2717.93).
• For a Sell entry, set a Stop Loss if the 1-hour candle closes above the upper boundary of the Support Area (>2702.03).
• Use a minimum risk-reward ratio of 1:1.

2. Pullback Opportunity Setup

• For a Sell position:
  Use the Resistance Area as the pullback zone. If the 1-hour candle closes within this area, consider taking a Sell position. Set a Cut Loss if the candle closes above the upper boundary of the pullback area (>2723.57). Use a minimum risk-reward ratio of 1:1.

• For a Buy position:
  Use the Support Area as the pullback zone. If the 1-hour candle closes within this area, consider taking a Buy position. Set a Cut Loss if the candle closes below the lower boundary of the pullback area (<2696.27). Use a minimum risk-reward ratio of 1:1.

Always implement proper money management for sustainable and healthy trading. Stay cautious of fake breakout candles to avoid unnecessary losses.

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

Happy trading, everyone!

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Technical Analysis of GOLD on January 20, 2025

From a technical perspective, the current price level of Gold presents opportunities worth considering for potential entry points. 

Let’s take a closer look at the 1-hour time frame chart for Gold before diving into the analysis.

We’ll analyze the market using Price Action (Trader Pressure). Currently, Gold appears to be in a Bullish/Uptrend condition. However, it’s important to anticipate a potential trend reversal if the price breaks through the support area above or enters a consolidation phase.

By reviewing the candle history, we can identify buy opportunities. To remain objective, I’ll present setups for both buy and sell entries.

On the chart, the buyer pressure (represented by the length of green candles) is gradually pushing prices higher, overcoming seller pressure (represented by red candles) and forming higher lows. This indicates that buyers continue to dominate price levels. However, sell opportunities can still be found within the Gold market.

Key Levels:

• Resistance Area: 2704.59 – 2698.67
• Support Area: 2683.72 – 2677.11

Suggested Entry Setups:

1. Breakout Opportunity Setup

• Buy Entry:
  If the 1-hour candle closes above the upper resistance level (2704.59), prepare to find the best buy position.

• Sell Entry:
  If the 1-hour candle closes below the lower support level (2677.11), prepare to find the best sell position.

• Stop Loss/Cut Loss:

  • For a buy entry, place a stop loss if the 1-hour candle closes below 2698.67 (lower boundary of the resistance area).
  • For a sell entry, place a stop loss if the 1-hour candle closes above 2683.72 (upper boundary of the support area).
  • Use a risk-reward ratio of at least 1:1.

2. Pullback Opportunity Setup

• Sell Position (Pullback to Resistance Area):
  If the 1-hour candle closes within the resistance pullback area, you can open a sell position. Place a stop loss if the 1-hour candle closes above 2704.59 (upper boundary of the pullback area). Maintain a risk-reward ratio of 1:1, based on your trading strategy.

• Buy Position (Pullback to Support Area):
  If the 1-hour candle closes within the support pullback area, you can open a buy position. Place a stop loss if the 1-hour candle closes below 2677.11 (lower boundary of the pullback area). Maintain a risk-reward ratio of 1:1, based on your trading strategy.

Always practice proper money management to ensure sustainable and healthy trading. Be cautious of fake breakout candles, as they can lead to false signals.

I hope this analysis provides valuable insights for your market analysis.

Happy Trading, everyone!

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