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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