Technical Analysis of GOLD – February 14, 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 take a look at the 1-hour timeframe chart before proceeding with the analysis:

Using Price Action (Trader Pressure) analysis, the market trend shows that GOLD is still in a Bullish / Uptrend condition. However, we must also anticipate a trend reversal if the price breaks below the support area or enters a consolidation phase.

From the candlestick history, we can identify potential Buy entries, but to remain objective, I will present an analysis for both Buy and Sell entries.

Observing the chart above, Buyer pressure (long green candles) is gradually pushing the price higher, with Seller pressure (long red candles) unable to counter it, forming a Higher Low structure. This indicates that Buyers are still dominating the price formation at certain levels. However, Sell opportunities can still be found in this Gold market.

On the chart, I have marked the Resistance Area with lines above the current price (2953.46 – 2942.15), while the Support Area is represented by two lines below the price (2911.52 – 2900.00).

Entry Setup Options

You can use the following setups based on your trading style:

Breakout Opportunity Setup:

• If the 1-hour candle closes above the Upper Resistance Area (2953.46), prepare to find the best Buy Entry.
• If the 1-hour candle closes below the Lower Support Area (2900.00), prepare to find the best Sell Entry.
• Cut Loss Strategy:
  • For Buy entries: Cut loss if the 1-hour candle closes below 2942.15.
  • For Sell entries: Cut loss if the 1-hour candle closes above 2911.52.
• Risk-to-reward ratio: Maintain a minimum 1:1 ratio.

Pullback Setup for Sell Position:

• 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 2953.46.
• Use a minimum 1:1 risk ratio according to your trading strategy.

Pullback Setup for Buy Position:

• 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 2900.00.
• Use a minimum 1:1 risk ratio according to your trading strategy.

Always implement good money management for sustainable and healthy trading. Also, be cautious of fake breakout candles that could lead to false signals.

Hopefully, this analysis serves as a useful reference for your market evaluation.

Happy Trading, everyone! 🎯🚀

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