Technical analysis by gfr5gfr5 about Symbol PAXG: Sell recommendation (2/11/2025)
gfr5gfr5

Gold, the general trend is as described in the morning analysis. Since the beginning of the year, the price has been rising slowly due to risk aversion. After stabilizing the previous high of 2790, it can accelerate the rise; the non-farm payrolls fell to 2886, and broke the high again on Monday due to the influx of risk aversion buying. The daily chart structure is strong, and there is no reference technical resistance above; it is expected that the white market will continue to rise, and pay attention to the impact of the testimony of Federal Reserve Chairman Powell in the evening;The Asian session actually hit a high of 2942 and then fell rapidly. The European session fell again and is now reported at 2903. After the 1H chart weakened, it is necessary to follow up and adjust the thinking in the evening; short-term resistance is 2910-2914, strong resistance is 2918; short-term support is 2904-2900;In terms of operation, our previous 2922-2926 short-term profit stop 2912, and now the plan is to rebound and try short, specific intraday tips;Strategy: sell near 2914, SL 2924, TP 2890-2880;Valentine's Day is coming, and we are all preparing surprises for our loved ones, but have you ever thought about investing in a "gift" for your future? The market is ever-changing, but opportunities always come to those who are prepared. I have always focused on exploring accurate trading opportunities and helping clients make steady profits. This time, I hope you can join us and grasp the pulse of the market together! Investment, like feelings, requires trust and long-term persistence. I speak with data and use professionalism to check for you, so that every transaction is more certain. If you are willing to believe me, I will prove it with actions and let your funds find the best destination in the market. If you lose money, I will compensate your funds! Valentine's Day is not only a day to express love, but also a time for you to make the right choice for yourself. Contact me now and start the journey of wealth appreciation together! Let the market become your "cash machine" instead of "heartbreak"! t.me/+k9acVOilVBM2MDI0