Technical analysis by xauusd_rr about Symbol PAXG: Buy recommendation (2/20/2025)
https://sahmeto.com/message/3269265

xauusd_rr
Rank: 2512
Analytical Power:
2.2

📈 BUY_GOLD: 2933/2935Stoploss: 2930 / Target: 2955📉 SELL_GOLD: 2957/2959Stoploss: 2962 / Target: 2947Analysis: Gold has found support at the 50-4H SMA (2920) multiple times and needs a sustained move above the 21-4H SMA (2935) to extend its rally.The RSI, near 60, suggests further upside potential.A decisive break above 2935 could lead to a retest of the 2955 high, with 2970 as the next resistance.Plan BUY full TP +200pips
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Signal Type: Buy
Time Frame:
1 hourPrice at Publish Time:
$2,952.86