Introduction
Technical analysis turns raw price movement into actionable insight. For gold—fast, liquid, and news‑sensitive—clean charts and clear rules are essential.
Support & Resistance Mapping
Start on the Daily: mark swing highs/lows, consolidation bounds, and round numbers. On 4H/1H, convert lines into zones; treat them as areas of interest, not exact pixels.
Candlestick Triggers at Levels
Signals matter when they occur at meaningful structure. Look for engulfing patterns, pin bars, and inside bars that align with trend context. Avoid treating single candles as standalone signals.
Moving Averages & Trend Lines
Use the 20 EMA for momentum, 50 EMA for trend, and 200 SMA for regime. Combine with trend lines and channels to visualize path of least resistance. Trade pullbacks rather than guessing tops/bottoms.
Fibonacci & Confluence
Inside trends, 38.2%–61.8% retracements often mark pullback zones. Add confluence—prior structure, MA, trend line—to increase probability.
ATR for Stops and Position Sizing
ATR estimates volatility. Set stops 1–1.5× ATR beyond structure to avoid noise. Adjust position size so risk stays at your defined percentage per trade.
Conclusion
Clear levels, minimal indicators, and documented rules beat cluttered charts. The goal is repeatability: see the same thing, trade the same way.
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