Technical analysis by jmesado about Symbol PAXG: Buy recommendation (1/30/2025)

As can be seen in the chart, GOLD is clearly bullish (Bull), therefore, we will only look for long trades.On January 24th, a retracement phase began, taking gold to the 50% Fibonacci zone (2,730) and from that zone it gained bullish strength again (Bull). TODAY, the first serious sign of bullish strength (Bull) has appeared, therefore, there is a HIGH probability that the price will attack highs.-------------------------------------Strategy to follow:ENTRY: We will open 2 long positions if H1 candle closes above 2,766POSITION 1 (TP1): We close the first position in the 2,799 zone (+1.17%)--> Stop Loss at 2,743 (-0.85%).--> RATIO 1:4POSITION 2 (TP2): We open a Trailing Stop type position.--> Initial dynamic Stop Loss at (-0.85%) (coinciding with the 2,743 of position 1).--> We modify the dynamic Stop Loss to (-0.3%) when the price reaches TP1 (2,799).-------------------------------------------SET UP EXPLANATIONS*** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.*** What is Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the Trailing Stop Loss.-->Example: If the Trailing Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% on rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very strong and stable price trends can be taken advantage of, maximizing profits.