Technical analysis by smarttradingstar about Symbol PAXG: Buy recommendation (3/19/2025)

XAU/USD long setuphttps://www.tradingview.com/x/f62bQbMU/- **Entry Price**: 3026 - **Stop Loss (SL)**: 3022 - **Target (TP)**: 3040 - **Risk-Reward Ratio (RRR)**: **14:4 = 3.5:1** ### **Risk Management Calculation** 1. **Risk per trade**: Decide how much of your capital you are willing to risk (e.g., 1-2%). 2. **Lot Size Calculation** (assuming 1% risk): - If your capital is **$10,000**, 1% risk = **$100**. - Stop loss is **4 pips** → Choose a lot size where 4 pips = $100 loss. For **gold**: - **Standard Lot (1.0)** = $10 per pip. - **0.25 Lots** → $2.5 per pip → 4 pips = **$100 risk**. ### **Position Sizing Recommendation** - **Risk 1%** of capital → Use **0.25 lots** (for a $10,000 account). - **Adjust lot size** based on your capital and risk tolerance. ### **Conclusion** ✅ Good trade setup with **3.5:1 risk-reward ratio**. 📌 Keep risk **1-2% per trade** for proper money management. 💡 If price hits SL, **small loss**; if it hits TP, **good profit**.🎉 Congratulations! XAU/USD hit +100 pips! 🎉Next Steps:✅ Close 50% of the position to secure profits.✅ Move Stop Loss to breakeven (entry price) for a risk-free trade.✅ Hold remaining trade for the final target (3055 or 2980 depending on position).📌 Risk Management (MM):Protect capital by locking in profits.Let the rest of the trade run with no risk.🚀 Smart trading—secure gains & ride the trend! 🚀🎉 **Congratulations! XAU/USD hit the final target of 3040!** 🎉 ✅ **Close all trades** and lock in **huge profits.** ✅ **Well-executed strategy & risk management!**