Technical analysis by kingjforex12 about Symbol PAXG: Buy recommendation (4/4/2025)
kingjforex12

yesterday NY session we did see gold bounce of a major 4 hour support area, & buyers coming into the marketwith the current situation in the US market & with the DXY pushing down, there is a good chance that gold will be pushing higher.opportunities on gold happen london & the crossover with the new york session, be mindful of NFP & the fed announcement also at 4 pm.i will be looking for buys around the 3.08.00 area, which lines up perfectly with the 0.71 fibbonacci level. extra comformations/ i would want to see a bullish engulfing or another candle formation that is showing bullish price action around this area, before i enter the trade.we may get an early entry london open, or around NFP news release at 1.30 pmplease feel free to comment & send me your own mark up, ideas.we got the entry on gold london session, 6 % gain over 2 accounts, NFP news release may give another entry.