Technical analysis by PalmTreeTradingUK about Symbol PAXG: Buy recommendation (10/25/2024)

2720 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 2734.75If price breaks below 2720 then it should hit 2711.5Below is our recommendation;Trade 1 (Risk 0.5% of your account size);Buy Gold @ 2725Stop Loss @ 2720Take Profit @ 2734.75Trade 2 (Risk 1% of your account size);Sell Stop Gold @ 2720Stop Loss @ 2725Take Profit @ 2711.5*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.