Technical analysis by Drsamc about Symbol PAXG: Sell recommendation (3/13/2025)
https://sahmeto.com/message/3332989
Bearish thesis for GOLD for the weekend
Sell
Price at Publish Time:
$2,967.53

XAU had been on a steady Bullish Run , Rightfully so.if any asset deserves to appreciate in its price while doing the most amount of Good, its GOLDBut we traders , look for technical opportunities that's where this trade idea comes in.- Gold is pressuring its recent range with limited bullish strength - also its its most popular cross - USD gaining substantial momentum the last 2 Quarters can make room for a correction before the trend continues to the upside.therefore falling back on pure technical calculations leads us back to our excel sheets for daily range projections which put our range to be exactly 1.03% or 3034 /303* pips depending your brokerage metrics.which leads me to make this 1:4 Trade idea for this week.cheers.
Source Message: TradingView
