Technical analysis by Natasha512 about Symbol PAXG: Sell recommendation (1/26/2025)

Natasha512

Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame.Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly.Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750.Key buying areas to watch are:1. 2745-27502. 2730-2733These levels may provide a strong foundation for a potential upward move.Support me if you Like my idea.Both targets were hit! Gold dropped to 2747, reaching our sell target of 2750. It then bounced back from the 2745-2750 buying area, gaining momentum to move higher.