Technical analysis by smarttradingstar about Symbol PAXG on 3/9/2025

🔹 Entry & Exit Plan for XAUUSD (Gold) https://www.tradingview.com/x/iarmIks6/**📊 Scenario 1: Bullish Breakout (Buy Trade)**👉 If price **breaks above 2925** with strong volume: - **Entry:** Buy above **2926-2930** (confirmation) - **Stop Loss:** **Below 2915** (to avoid false breakout) - **Take Profit Targets:** - 🎯 **First Target:** **2938-2940** - 🎯 **Final Target:** **2950-2960** (if strong momentum) - **Risk Management:** Move SL to breakeven after 2938 📌 **Confirmation:** - Volume increase ✅ - Bullish candle close above resistance ✅ - Moving Averages support the trend ✅ ---#### **📉 Scenario 2: Bearish Breakdown (Sell Trade)**👉 If price **drops below 2900** with strong volume: - **Entry:** Sell below **2898-2895** - **Stop Loss:** **Above 2908** - **Take Profit Targets:** - 🎯 **First Target:** **2880-2875** - 🎯 **Final Target:** **2860-2850** (if strong downside momentum) - **Risk Management:** Move SL to breakeven after 2880 📌 **Confirmation:** - Strong bearish candle close below support ✅ - Volume increase on breakdown ✅ - Moving Averages turning bearish ✅ ---#### **⚠️ Extra Tips:** ✔️ If price stays between 2900-2925 → **Scalp the range** ✔️ Wait for confirmation before entering ✔️ Manage risk: **2% max per trade**🔥 **Incredible Trade!** 🔥 📉 **GOLD (XAU/USD) Sell Scenario Setup:** - **Entry:** 2900 breakout of support - **Hit :** **2885** ✅ (+150 pips profit!) ### **✅ Next Steps:** ✔ **Secure Profits**: Move SL to breakeven or trail it for more gains. ✔ **Risk Management**: Adjust position size based on your plan. ✔ **Watch Price Action**: If momentum continues, next support levels are **2880 & 2875**.close all trades for now stay connected