Technical analysis by Crazytrader00011 about Symbol PAXG: Buy recommendation (2/18/2025)

From the daily chart, gold is still in an upward trend, and the trend has not changed, but the current momentum is gradually weakening, and the upper 2942 is also the previous high position, which is of reference significance from a technical perspective. The market may form a wide range of fluctuations at a high level. From the 4-hour chart, the gold bullish arrangement is still intact, and it can rebound effectively when it touches the middle track of the Bollinger Bands. At present, it encounters resistance at 2942 near the previous high, and there is a potential double top to be played. And due to the excessive stretching of the bulls in the early stage, it often takes a period of adjustment. Therefore, without further news stimulation, it is unlikely that gold will rise fiercely, and you can capture the callback market. This week, pay attention to the competition between the high point 2942 and the neckline 2865. After the second high exploration and then falling back, the 4-hour chart has the possibility of constructing a double top callback. This week, focus on the neckline 2865. The loss of this position will further deepen the adjustment space. Intraday trading is mainly based on callback longs, supplemented by rebound highs!Operation ideas:Short-term gold 2883-2885 long, stop loss 2874, target 2910-2920;Short-term gold 2910-2913 short, stop loss 2922, target 2890-2880;Key points:First support level: 2888, second support level: 2880, third support level: 2873First resistance level: 2910, second resistance level: 2918, third resistance level: 2924Buy near 2885, target 2910-2920, the current gold price is 2926, profit of 40 US dollars has been achieved, the target has been reached. If you also want to get stable profits, please contact me for helpThe current gold price is 2928, the target is 2920, which has been achieved. I bought at 2885 and made a profit of 43 US dollars. If you need help, please contact me