Technical Analysis of GOLD – February 12, 2025

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

Let's first examine the 1-Hour Time Frame GOLD chart before proceeding with the analysis:

Price Action Analysis (Trader Pressure Method)

Based on the current market trend, GOLD remains in a Bullish/Uptrend. However, we must also anticipate a potential trend reversal if the price breaks through the Support area, or if price consolidation occurs.

By reviewing historical candlestick patterns, we can identify potential Buy opportunities. However, for a more objective analysis, I will provide insights for both Buy and Sell entries.

From the chart, we can observe that Buyer pressure (long green candles) is gradually pushing prices higher, while Seller pressure (long red candles) has been unable to counter this movement. The formation of Higher Lows indicates that buyers continue to dominate at key price levels. Nevertheless, Sell opportunities can still be found within the GOLD market.

Key Support & Resistance Levels

• Resistance Area: 2924.47 – 2911.21
• Support Area: 2876.36 – 2863.10

Trade Setup Options

1. Breakout Opportunity Setup:

• Entry Buy: If the 1-hour candle closes above the upper Resistance level (2924.47), prepare for the best Buy entry.
• Entry Sell: If the 1-hour candle closes below the lower Support level (2863.10), prepare for the best Sell entry.
• Stop Loss:
  • For Buy entry, place a Stop Loss if the 1-hour candle closes below 2911.21.
  • For Sell entry, place a Stop Loss if the 1-hour candle closes above 2876.36.
• Risk Management: Maintain a minimum 1:1 risk-reward ratio.

2. Pullback Setup:

• Sell Setup (Using Resistance Area):
  If the 1-hour candle closes within the pullback area, consider entering a Sell position.
  • Stop Loss: If the 1-hour candle closes above 2924.47, exit the Sell trade.
  • Risk Management: Maintain a minimum 1:1 risk-reward ratio.

• Buy Setup (Using Support Area):
  If the 1-hour candle closes within the pullback area, consider entering a Buy position.
  • Stop Loss: If the 1-hour candle closes below 2863.10, exit the Buy trade.
  • Risk Management: Maintain a minimum 1:1 risk-reward ratio.

Always apply proper money management for long-term trading sustainability and remain cautious of fake breakout candles.

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

Happy Trading, everyone! 🚀

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