GOLD Technical Analysis – April 10, 2025

From a technical standpoint, I see that Gold has reached a price level worth considering for potential entry setups.

Let’s first take a look at the 1-hour timeframe chart of Gold:

Now, let’s analyze using Price Action (Trader Sentiment) analysis. Currently, Gold appears to be in a bullish/uptrend condition. However, we must remain cautious of a potential trend reversal if the price breaks below the key support area or enters a consolidation phase.

Based on recent candlestick history, we can still look for buy opportunities, but to remain objective, I will present setups for both buy and sell entries.

Looking at the chart, we observe that buyer pressure (long green candles) is gradually pushing the price higher, uncontested by the seller pressure (shorter red candles), forming a pattern of higher lows. This indicates that buyers are still dominating the market and are establishing key price levels. That said, sell opportunities may still arise.

On the chart, I’ve identified the following key price levels:

• Resistance Area: Between 3136.06 – 3117.46

• Support Area: Between 3062.42 – 3045.34

Here are my suggested entry setups. You may adjust them to fit your trading style:

🔹 Breakout Opportunity Setup

• Buy Setup: If a 1-hour candle closes above the upper boundary of the resistance area (3136.06), prepare to enter a buy position.

• Sell Setup: If a 1-hour candle closes below the lower boundary of the support area (3045.34), prepare to enter a sell position.

• Stop Loss (Cut Loss):

  • For a buy entry: set stop loss if the 1-hour candle closes below 3117.46.

  • For a sell entry: set stop loss if the 1-hour candle closes above 3062.42.

• Always maintain a minimum risk-reward ratio of 1:1.

🔹 Pullback Opportunity Setup

Sell on Pullback:

• Watch for a price retracement to the resistance area.

• If a 1-hour candle closes within the resistance zone, consider entering a sell position.

• Place stop loss above 3136.06, and maintain at least a 1:1 risk-reward ratio.

Buy on Pullback:

• Watch for a retracement to the support area.

• If a 1-hour candle closes within the support zone, consider entering a buy position.

• Place stop loss below 3045.34, and maintain at least a 1:1 risk-reward ratio.

📌 Always apply proper money management in every trade to support long-term, sustainable trading. Also, stay alert for fake breakouts which may mislead your entries.

I hope this analysis can serve as a useful reference for your market decision-making.

Happy Trading, everyone!

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