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

Gold is currently being influenced by one major factor and that is the uncertainty that Trump is creating amongst market makers. However, gold is a safe haven so as much as we may see sell off's we believe the over all sentiment is bullish. We have already seen one huge sell off yesterday of 350 pips from 2915 down to 2980. At this point buyers stepped in and created support. This morning saw a rally up to the 2910 to 2912 range which is an area we expect some retrace from. Our trading plan for the day is as follows:1) SELL GOLD 2912 to 2915SL 2925TP 2905TP28952) BUY GOLD at 2895 to 2905 SL 2875TP 2920TP2930Remember this is not trading advice but more of an idea of what we are planning and why. If you want advice, tips and hints then feel free to join us here: t.me/PhoenixFXPublicIf you have any questions, one of our team are always on hand to help. Contact us here: contact@pfxteam.com