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Technical analysis by KevinNguyen-SimpleTrade about Symbol PAXG: Sell recommendation (2/10/2025)

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KevinNguyen-SimpleTrade
KevinNguyen-SimpleTrade
Rank: 14226
1.5
Sell،Technical،KevinNguyen-SimpleTrade

🔥 GOLD MONDAY GAP – WHAT’S NEXT AFTER NONFARM? 🔥📊 Market Overview:Gold started the week with a gap-up after last week’s 20-pip decline, indicating a potential test of psychological resistance at recent highs. However, there is a strong likelihood that price will correct further to fill liquidity gaps (FVG) before resuming its bullish momentum.💡 Liquidity & Price Action Strategy:The Monday gap-up may fill liquidity around 2875 - 2879 before gold resumes its downward move.Markets always balance between high and low liquidity zones, meaning gold is likely to clear the FVG before establishing a new trend direction.If the Asian session maintains bullish momentum, watch for SELL opportunities near resistance at 2873 and 2880.⚠️ Key Considerations:Post-Nonfarm Payrolls (NFP) Monday tends to be highly volatile.Wait for price confirmation at key levels before entering trades.Real-time market updates and trading strategies available on TradingView Kevin Nguyen and our trading community.📉 Gold Trading Plan – Key Levels🔴 SELL SCALP: 2876 - 2878📍 SL: 2882🎯 TP: 2872 - 2868 - 2864 - 2860 - 2855🔻 SELL ZONE: 2883 - 2885📍 SL: 2888🎯 TP: 2878 - 2875 - 2870 - 2866 - 2862🟢 BUY SCALP: 2853 - 2851📍 SL: 2848🎯 TP: 2856 - 2860 - 2864 - 2868 - 2872🟩 BUY ZONE: 2842 - 2840📍 SL: 2836🎯 TP: 2846 - 2850 - 2854 - 2860📌 Risk Management Tips:✔️ Always use TP/SL to protect your account.✔️ Follow TradingView Kevin Nguyen & our trading community for real-time insights and top-tier strategies!📩 Get the latest market analysis and professional trading strategies! 🚀💬 What’s your take on gold this week? Will it drop further or rebound? Share your thoughts in the comments! 🔥🔥 GOLD HITS NEW ATH – WHAT’S NEXT? 🔥 Gold continues its bullish momentum, driven by safe-haven demand amid trade war fears and inflation concerns. With Trump announcing a 25% tariff on steel and aluminum, market uncertainty is fueling gold’s rally. 📉 Trading Plan Update: 📍 Buy Zones: 🔹 2878 - 2880 – Potential retracement entry. 🔹 2873 - 2871 (Fibo 0.5) – Stronger support for a buy setup. 📍 Sell Zones: 🔻 2900 - 2902 – Key resistance level. 🔻 2914 - 2916 – Extended resistance for short opportunities. 🔗 View Full Chart: 📌 Stay cautious, follow TP/SL, and watch for price confirmation! 🚀

Translated from: English
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Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$2,914.23
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