GOLD 1H Chart – 10th Feb 2025
Dear Traders,
Here’s our updated 1H chart analysis, highlighting key levels and targets for the week.
Gold is currently trading between two weighted levels, with a gap above 2892 and a gap below 2866. A confirmed EMA5 crossover and lock above or below these levels will signal the next trading range. Until then, expect price action to test these levels repeatedly.
Our strategy remains focused on buying dips while tracking key weighted levels to identify potential bounce opportunities.
Resistance: 2892
Support & Goldturn Levels:
2866 & 2852 (Critical Weighted Levels)
2837 (Major Support)
2802 - 2817 (Retracement Range)
2747 (Swing Range)
EMA5 (Red Line) Analysis:
* Currently between 2866 and 2892, indicating bullish momentum.
* EMA5 positioning will be crucial in determining the next trading direction.
Bullish Targets:
EMA5 cross and lock Above 2892 → will open the following bullish Target 2918
EMA5 cross and lock Above 2918 → will open the following bullish Target 2942
EMA5 cross and lock Above 2942 → will open the following bullish Target 2963
Bearish Targets:
EMA5 cross and lock Below 2866 → will open the following bearish Target 2852
EMA5 cross and lock Below 2852 → will open the following bearish Target 2837
EMA5 cross and lock Below 2837 → will open the following bearish Target 2817
EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range)
EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range)
Trading Strategy:
✅ Maintain a bullish bias and buy pullbacks.
✅ Avoid chasing tops; buy dips from key levels.
✅ Use smaller timeframes for pullback entries at Goldturn levels.
✅ Target 30-40 pips per trade for effective risk management.
Trade smart and stay updated with our daily insights!
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📉💰 The Quantum Trading Mastery