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Technical analysis by Liquidity_Taker_ about Symbol PAXG: Buy recommendation (2/6/2025)

https://sahmeto.com/message/3232881
Liquidity_Taker_
Liquidity_Taker_
Rank: 13924
1.5
Buy،Technical،Liquidity_Taker_

Globally :-Gold prices declined during Thursday’s trading as the U.S. dollar strengthened ahead of the Non-Farm Payrolls report.- This drop halted a five-session winning streak that had pushed gold to all-time highs, amid rising concerns over a potential trade war between the U.S. and China.- Due to investors’ concerns and fears about Trump’s monetary policy between nations. this emotions feed gold very muchCurrent Sentiment :- 59 of the forex traders are currently going short with XAU/USD, with an average price of 2629.9814, meanwhile 41 of the forex traders are going long with XAU/USD, with an average price of 2737.0888.Technically :Price pulled back from OTE Levels Respected Previous day's Orderblock Still Wednesday High easy to sweep cause below wednesday high is low resistance liquidity

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
First Support:
$2,780
First Resistance:
$2,880
Price at Publish Time:
$2,883.1
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