Technical analysis by cyscalpingvip about Symbol PAXG: Buy recommendation (3/11/2025)

Gold Chart Analysis (XAUUSD)1. Current Situation:- Gold price is around 2,890 USD- Price is consolidating after a downward movement- Increased trading volume in the support zone2. Technical Points:- Key resistance at 2,920 USD- Support level at 2,885 USD- EMA lines showing Bearish Cross signals3. Trading Signals:- Bull Signal at 50% Retracement level- Volume Profile shows accumulation at support- RSI in Oversold zone indicating potential reboundRecommendations:1. Short-term:- Consider buying at support 2,885 USD- Place Stop Loss below 2,880 USD- Take Profit at resistance 2,920 USD2. Risk Management:- Use Position Size no more than 2-3% of portfolio- Be cautious of market opening gaps- Set Trailing Stop to secure profits3. Factors to Monitor:- Fed interest rate policy- USD volatility- International geopolitical tensionsSummary: Gold price is at an interesting point for short-term buying opportunities, but careful risk management is required while closely monitoring external factors.