Technical analysis by phsephse about Symbol PAXG: Buy recommendation (2/20/2025)

Technical analysis of gold: The strong upward trend has not stopped, and the gold price has hit a new high during the day. The continuous new highs of gold also confirm the energy and market trend of the bulls, but we have also made it clear that even if the market is very strong, it is not recommended to chase more. The more it falls back, the probability of being trapped can be avoided to a large extent! After gold hit a new record high today, some bulls took profits, so there was a wave of correction, but this correction is expected to be limited, so it is not advisable to chase the short operation, and the short short can be quickly entered and exited. As long as it does not fall below the 2916-20 range in the future, it is still an opportunity to go long. After all, the trend and fundamentals are still bullish, so pay attention to the long position near 2920;At present, the moving average support of the market pattern is rising, and the short-term moving average support of the market that falls back and adjusts is temporarily pierced. The focus is still on the long-term moving average support level of 2920 and the low point of 2918 yesterday. When the gold price adjusts to around 2920, you can start to go long. If the market continues to adjust but does not fall below 2918, you will still be bullish! This round of target is to continue to set a new high! On the whole, today's short-term operation of gold is recommended to go long on the correction, supplemented by shorting on the rebound. The short-term focus on the resistance of 2954-2960 on the upper side and the short-term focus on the support of 2918-2920 on the lower side. Friends must keep up with the rhythm.Gold operation strategy reference:Short order strategy:Sell gold when it rebounds to 2950-2953TP around 2940-2930Long order strategy:Buy gold when it falls back to 2918-2920TP around 2930-2940I want to know if you come to the market to make money or to gamble? If you want to make money, follow me. Do as I say, and your profit will double. Let your profit grow. As long as you stick to it, your stable profit will be at least 200% to 400% per week. Don't wait until your account balance is 0 to realize that there is something wrong with your trading method. If you lose money, I will compensate you for your losses! Believe me, our cooperation will win in the end! t.me/+k9acVOilVBM2MDI0