Login / Join

Technical analysis by Trading_King_Arthur about Symbol PAXG: Sell recommendation (4/10/2025)

https://sahmeto.com/message/3404728
Trading_King_Arthur
Trading_King_Arthur
Rank: 1380
2.6
Sell،Technical،Trading_King_Arthur

Gold has continued its strong rally, hitting a new all-time high, with bullish sentiment running extremely hot.However, we must approach this rationally — every new high is usually followed by a technical pullback.Currently, the 3200 level is a significant psychological resistance, as well as a key threshold for short-term bullish momentum.From a technical perspective, the sharp recent rally has shown signs of momentum exhaustion, with clear overbought signals emerging.📌 Strategy Suggestion:Consider building short positions around the 3188–3200 zoneIf 3137 is broken, further downside could extend to 3112–3090⚠️ Risk Management Notes:The larger the rally, the stronger the pullback potentialAvoid chasing long positions at these levels to prevent getting trapped at the topKeep position sizes under control and set stop-losses to guard against sudden volatilityWishing everyone smooth trades and solid profits!

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$3,103.58
Share
Signals
Top Traders
Feed
Alerts