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! 🚀