Technical Analysis of GOLD – March 19, 2025

From a technical perspective, I see that the GOLD commodity has reached a price level worth considering for potential entry points.

Let's take a look at the 1-hour timeframe GOLD chart before we proceed with the analysis:

Using Price Action analysis (Trader Pressure), we can observe that GOLD remains in a Bullish/Uptrend condition. However, we should also anticipate a potential trend reversal if the price breaks through the Support area above, as well as possible price consolidation.

Looking at the candlestick history, we can identify Buy entry opportunities. However, to remain objective, I will provide an analysis for both Buy and Sell entries.

From the chart, we can see that Buyer pressure (long Green candles) is gradually pushing the price higher, without being countered by Seller pressure (long Red candles), forming a Higher Low.

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

In the chart, I have identified the Resistance area with the upper price lines (3053.89 – 3042.45), while the Support area is marked by two lower price lines (3013.04 – 3001.32).

Entry Setup Options

You can adjust the following setups to fit your trading style:

Breakout Opportunity Setup:

• If the 1-hour candle closes above the upper Resistance boundary (3053.89), prepare to look for the best Buy entry position.
• If the 1-hour candle closes below the lower Support boundary (3001.32), prepare to look for the best Sell entry position.
• Cut Loss:
  • For a Buy entry, exit the trade if the 1-hour candle closes below the lower Resistance boundary (<3042.45).
  • For a Sell entry, exit the trade if the 1-hour candle closes above the upper Support boundary (>3013.04).
  • Maintain a minimum risk-reward ratio of 1:1.

Pullback Setup for Sell Position:

• The Pullback Area is based on the Resistance zone.
• If the 1-hour candle closes within the pullback area, a Sell position can be taken.
• Cut Loss: If the 1-hour candle closes above the upper boundary of the Pullback Area (>3053.89).
• Use a minimum risk-reward ratio of 1:1 according to your trading strategy.

Pullback Setup for Buy Position:

• The Pullback Area is based on the Support zone.
• If the 1-hour candle closes within the pullback area, a Buy position can be taken.
• Cut Loss: If the 1-hour candle closes below the lower boundary of the Pullback Area (<3001.32).
• Use a minimum risk-reward ratio of 1:1 according to your trading strategy.

Always implement proper money management in every entry to ensure a sustainable trading approach, and stay cautious of Fake Breakout Candles.

Hopefully, this analysis can serve as a useful reference for your market analysis.

Happy Trading, everyone!

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