Technical analysis by Sober_Trading about Symbol PAXG on 3/13/2025

XAUUSD - Daily Update 📈With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction.Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart:🔹 First leg correction: ~$150 drop🔹 Second leg correction: ~$250 drop🔹 Third correction may be deeper, so caution is needed in the target zone.Key Levels to Watch:📌 Potential Target Zone: $3,050 - $3,150✔️ Measured Move: Previous legs suggest an extension into this zone.✔️ Liquidity Grab: Gold tends to hunt liquidity over round numbers—just as it did at $2,000 → $2,060, it may break $3,050 before reversing.✔️ Ascending Channel: The price is approaching the top of the channel, where market makers may trigger a fake breakout before a significant pullback.🚨 Trading Strategy:Swing traders: Secure profits near $3,050 - $3,150.Daily traders: Use pullbacks as short-term profit opportunities.💸 If you missed this rally, stay ahead for reversal signs & upcoming moves! Follow for more insights! 🚀XAUUSD - Daily Update 💰Gold has officially reached our target zone between $3,050 - $3,150, as predicted in our analysis!The third bullish leg from the $2,000 base has now completed its run to the top of the ascending channel — precisely within our forecasted resistance zone. If you've been riding this uptrend, now is the time to lock in profits on your long-term positions.📌 What this means:Longs should be secured or reduced to manage risk.New buy positions must be approached cautiously from here.The possibility of a fake breakout followed by a deeper correction is still high, as price often hunts liquidity before reversing.We called this leg early—just scroll back to our XAUUSD analysis for proof.📉 Be prepared for pullbacks or trend shifts.💸 Stay sharp, stay safe, and follow us for the next big move! 🚀