Technical analysis by mykvmykv about Symbol PAXG: Buy recommendation (2/26/2025)

After gold came under pressure at 2953, it began to fluctuate and fall. The European session rebounded weakly, and the U.S. session started to fall sharply, falling to 2888 at the lowest point, a drop of nearly 60 US dollars. The overall trend was in line with our bearish expectations. The daily line closed with a bald big negative line, and the K line broke through ma5 and ma10. The short-term trend was weak. Gold may rebound to a certain extent during the day, but it is mainly a process of testing pressure. Focus on the 5- and 10-day lines around 2925-33 on the top. As long as the rebound cannot stand above the 5- and 10-day lines, there is a high probability that there will be a downward demand in the short term. Focus on the 20-day line near 2888 on the bottom. There may be a temporary reprieve and competition between 2900 and 2888, but as long as it does not use this support to rebound strongly, the probability of the 20-day line being broken in the later period will also be very high. According to the daily and weekly levels, there is still a great probability that it will go to 2850 and 2800 on the bottom in the later period.The 4-hour chart showed a continuous decline last night, and it bottomed out and rebounded in the early morning, and the K-line closed above the lower Bollinger track. Therefore, the 4-hour gold may turn to shock again. The morning market rebounded to the 2930 line and just touched the 618 pressure level and fell back. Therefore, the rebound of the market is just a correction. The short positions at 2925 in the morning and the short positions at 2920 have fallen and harvested. Focus on the strength of the European market. The European market is under pressure below 2930, and the US market will continue to bottom out at 2888. If the European market strengthens and breaks 2930, the daily line will end the single negative correction and continue to see shocks. In the afternoon, short-term operations below 2905 last night's low can be seen if it does not break. Above 2930, continue to short under pressure.It is recommended to buy at 2907-08, stop loss at 2904, target at 2915-20, and go high under the pressure of 2930 above.I am not 100% correct here, only a sound operation idea. You can click on my link, do the trend with a large position, do the swing with a small position, and control the proportion yourself. There is no unprofitable investment, only unsuccessful trading! Whether you can make money depends on the timing of buying and selling. Making money depends on opportunities, investing depends on wisdom, and financial management depends on expertise.