Technical Analysis of GOLD – March 24, 2025

From a technical perspective, Gold is currently at a price level worth considering for potential entry points.

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

Price Action (Trader Pressure) Analysis

The market trend shows that GOLD remains in a Bullish/Uptrend, but we must also anticipate a possible trend reversal if the price breaks below the Support area or enters a consolidation phase.

Based on historical candlestick patterns, we can find potential Buy entries, but to stay objective, this analysis will provide setups for both Buy and Sell entries.

From the chart above, we can observe buyer pressure (long green candles) gradually pushing prices higher, while sellers (red candles) struggle to counteract this movement. The formation of Higher Lows indicates that buyers still dominate key price levels. However, potential Sell opportunities can still be found in the GOLD market.

I have identified Resistance and Support areas as follows:

• Resistance Area: 3047.30 – 3036.63

• Support Area: 3008.70 – 2996.38

Recommended Entry Setups

Breakout Opportunity Setup

• If the 1-hour candle closes above the Resistance Area (3047.30), look for the best Buy entry opportunities.

• If the 1-hour candle closes below the Support Area (2996.38), look for the best Sell entry opportunities.

• Stop Loss:

  • For Buy entry, cut loss if the 1-hour candle closes below 3036.63.

  • For Sell entry, cut loss if the 1-hour candle closes above 3008.70.

• Use a minimum risk-to-reward ratio of 1:1.

Pullback Setup for Sell Position

• If the 1-hour candle closes within the Resistance Area, consider entering a Sell position.

• Cut Loss if the 1-hour candle closes above 3047.30.

• Use a minimum risk-to-reward ratio of 1:1 according to your trading strategy.

Pullback Setup for Buy Position

• If the 1-hour candle closes within the Support Area, consider entering a Buy position.

• Cut Loss if the 1-hour candle closes below 2996.38.

• Use a minimum risk-to-reward ratio of 1:1 according to your trading strategy.

Always apply proper money management in every trade to ensure a sustainable trading approach. Be cautious of fake breakout candles that may lead to false signals.

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

Happy Trading, everyone! 🚀

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