Login / Join

Technical analysis by TotoshkaTrades about Symbol PAXG: Buy recommendation (4/5/2025)

https://sahmeto.com/message/3389478

Gold (XAUUSD) – Technical Analysis for April 7, 2025 (1H)

Buy
Price at Publish Time:
$3,064.57
Profit Target:
(+1.16%)$3,100
Stop Loss Price:
(-1.45%)$3,020
Buy،Technical،TotoshkaTrades

After a sharp drop, price reached the key demand zone around 3025-3030. This area forms a potential buy zone from which a rebound toward 3080–3100 may occur. The chart suggests a possible W-shaped recovery. A breakout above 3100 could unlock further upside toward 3127 and then resistance at 3167.However, a breakdown below 3015–3020 could increase bearish pressure and lead to a decline toward 2997 support. Indicators are showing signs of local oversold conditions, hinting at potential technical recovery.Main scenario – reversal from 3025-3030 with a move toward 3080–3100.Alternative – breakdown to 2997.

Source Message: TradingView
Signals
Top Traders
Feed
Alerts