GOLD: Daily Technical Analysis by Lina Engword ⚡📈

Hello fellow traders! I'm here with today's analysis on GOLD. Let's dive into the current market situation.

Date: April 4, 2025, 12:19AM (GMT+7)

Current Price: $3,105.28

Previous Week High (PWH): $3,086.83

Previous Week Low (PWL): $3,002.32

⚡ Overall Analysis:

Based on the analysis across multiple timeframes (15m, 1H, 4H, Day) and utilizing our tools, here's the current outlook for GOLD:

- Short-term (15m, 1H): We're observing some volatile movements with price fluctuating within a relatively unclear range. Money Flow on the 15m timeframe is showing a slight inflow, but there are no strong signals yet.

- Mid-term (4H): On the 4-hour timeframe, price remains above the 50 EMA (yellow) but below the 200 EMA (white). Trend Strength is still indicating a buy signal, but momentum appears to be slowing down. We haven't seen a clear Break of Structure (BoS) or Change of Character (CHoCH).

- Long-term (Day): The daily timeframe still shows an upward trend, with price trading above both EMAs and Trend Strength indicating a strong buy signal. However, we are approaching the Previous Weekly High (PWH) at 3,086.83, which could act as significant resistance.

Comparison of Indicator Trends:

- Aligned Trends (Mostly Bullish Mid-to-Long Term): Price still has the potential to move upwards and test the PWH, possibly even making new highs.

- Divergent Trends (Short-term Uncertainty): The short-term fluctuations might present trading opportunities on both sides, but we need clear signals.

- Rationale: Given the bullish mid-to-long term trends, longing still holds an advantage. However, the short-term uncertainty and the proximity to significant resistance necessitate waiting for clear signals before making trading decisions.

Trend Summary:

- Short-term: Sideways (50% probability)

- Mid-term: Bullish (65% probability)

- Long-term: Bullish (75% probability)

- Today: Likely to fluctuate Sideways Up, supported by mid-to-long term bullish momentum, but be cautious of selling pressure around key resistance (60% probability).

Example Daily Trade Setups:

Example 1 (Conservative - Waiting for Confirmation):

- Enter: Wait for a pullback into a favorable Premium/Discount zone on the 15m or 1H timeframe (e.g., a Bullish OB or Fibonacci Retracement) and a confirming bullish Price Action signal (like a Bullish Engulfing or Hammer).

- TP: Consider the first resistance on the 15m or 1H timeframe, with the primary target at the PWH of 3,086.83.

- SL: Slightly below the low formed before the reversal signal.

- RRR: Approximately 1:2.5 or higher.

Rationale: We will wait for a price retracement into a potential demand zone on the lower timeframes and a confirming reversal signal indicating renewed buying interest before entering a long position to reduce risk.

Example 2 (Aggressive Setup - Breakout Confirmation):

- Enter: Go long immediately upon a breakout above the previous high on the 15m or 1H timeframe with increasing volume.

- TP: The initial target is the PWH at 3,086.83, with the next target at resistance on the 4H timeframe.

- SL: Below the previous low on the 15m or 1H timeframe.

- RRR: Approximately 1:3 or higher.

Rationale: For this setup, we will enter a trade upon seeing a sign of strong renewed buying interest and a successful breakout above short-term resistance.

Example 3 (Considering a Short - Bearish Signals at Key Resistance):

- Enter: If price rallies towards the PWH of 3,086.83 and forms a clear Bearish Price Action signal (like a Bearish Engulfing or Shooting Star) on the 15m or 1H timeframe.

- TP: Consider the first support on the 15m or 1H timeframe, with the next target at the PWL of 3,002.32.

- SL: Slightly above the high of the bearish price action signal.

- RRR: Approximately 1:2 or higher.

Rationale: If price fails to break above the significant resistance and bearish signals emerge, we will consider a short position targeting the next support levels.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Traders should conduct their own research and exercise caution in their trading decisions.

How does today's Daily Trade Setup look? I hope it's beneficial and provides guidance for your trading. If you have any further questions or would like an analysis from a different perspective, feel free to ask! I'm always happy to share my insights. 😊