Technical analysis by Forex_ViP_Signalss about Symbol PAXG: Sell recommendation (3/19/2025)

This chart presents a bullish setup for Gold Spot (XAU/USD) on the 1H timeframe, indicating a potential long (buy) trade.Key Analysis:1. Bullish Trend:The price is in an uptrend, showing strong momentum.A pullback has occurred, forming a potential higher low, suggesting a continuation of the uptrend.2. Entry & Risk-Reward Setup:Entry Zone: Around $3,030Stop-Loss (Red Zone): Below the recent support (~$3,017)Target Levels (Blue Arrows):First Target: $3,040 (+0.22%)Second Target: $3,051 (+0.28%)3. Volume Profile & Support Levels:Strong volume support around $3,020, making it a solid stop-loss placement.Resistance levels at $3,040 and $3,051, which align with profit-taking zones.Trading Strategy:Bullish bias: Look for a long entry in the yellow zone, confirming strength with bullish price action.Risk Management: A favorable risk-reward ratio is maintained, ensuring a controlled downside.Breakout Potential: If price clears $3,051, further upside may follow.This setup is based on technical confluence, making it a valid buy trade as long as market conditions remain supportive. However, keep an eye on fundamental factors like U.S. economic data and Federal Reserve policy for additional confirmation.Keep hold it guysRunning zero draw down80 pips180 pips Running180 pips achieved close it