GOLD Technical Analysis – January 30, 2025

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

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

Using Price Action (Trader Pressure) analysis, we can observe that Gold is still in a Bullish/Uptrend condition. However, we must also anticipate a potential trend reversal if the price breaks the Support area above and also consider price consolidation.

Looking at historical candles, we can identify Buy entry opportunities. However, to remain objective, I will present an analysis for both Buy and Sell entries.

Referring to the chart above, we can see that Buyer pressure (long Green candles) is gradually pushing the price higher, with Sellers (long Red candles) unable to counter it, forming a Higher Low structure.

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

In the chart, I have identified Resistance levels through the lines above the price (2780.14 – 2772.62) and Support levels with two lines below the price (2754.27 – 2747.28).

Entry Setup Recommendations

These setups can be adjusted according to your trading style:

Breakout Opportunity Setup:

• If the 1-hour candle closes above the Resistance area (2780.14), prepare to find the best Buy entry position.
• If the 1-hour candle closes below the Support area (2747.28), prepare to find the best Sell entry position.
• Cut Loss:
  • For Buy entries: If the 1-hour candle closes below 2772.62, exit the trade.
  • For Sell entries: If the 1-hour candle closes above 2754.27, exit the trade.
  • Maintain a minimum risk ratio of 1:1.

Pullback Setup for Sell Entry:

• Use the Resistance area for pullback entries.
• If the 1-hour candle closes within the pullback area, you can enter a Sell position.
• Cut Loss: If the 1-hour candle closes above 2780.14, exit the trade.
• Use a minimum risk ratio of 1:1, based on your trading style.

Pullback Setup for Buy Entry:

• Use the Support area for pullback entries.
• If the 1-hour candle closes within the pullback area, you can enter a Buy position.
• Cut Loss: If the 1-hour candle closes below 2747.28, exit the trade.
• Use a minimum risk ratio of 1:1, based on your trading style.

Always apply good money management in every trade to ensure sustainable and healthy trading. Be mindful of potential Fake Breakout Candles.

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

Happy Trading, everyone!

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