Technical analysis by WiseAnalyze about Symbol PAXG: Buy recommendation (1/21/2025)

https://sahmeto.com/message/3188866

GOLD on an edge of breakout

:Buy

Price at Publish Time:

$2,719.29

Profit Target:

(+2.60%)$2,790

Stop Loss Price:

(-2.54%)$2,650.35

Gold already made 3 attempts to breakout and now in a process of forth attempt. The more times resistance is tested the weaker it becomes - that is a golden rule. And therefore now chances for breakout are at their maximum. Nearest target levels are 2743 / 2762 / 2790 - after that open targets within ATH

Source Message: TradingView