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Technical analysis by Hardin_Pitt about Symbol PAXG: Buy recommendation (4/14/2025)

https://sahmeto.com/message/3414630
Hardin_Pitt
Hardin_Pitt
Rank: 582
2.9
Buy،Technical،Hardin_Pitt

SIGNAL UPDATE: Gold (XAUUSD) is showing signs of a potential bullish reversal after a corrective move. Price has bounced from a support zone around the 3200 level and is now forming a higher low, indicating possible upward momentum.Key Levels:•Entry Zone: Around 3,209•Stop Loss (SL): Below 3,191 support zone•Take Profit Targets:•TP1: 3,240•TP2: 3,260•TP3: 3,281Technical Highlights:•Price rejected the resistance zone and retraced back to a significant demand zone.•Volume analysis shows increased buying pressure around support.•Potential for a bullish breakout if resistance is flipped into support.•Risk-to-reward ratio favorable for a swing trade setup.Trade Plan:Wait for confirmation of bullish momentum near the entry zone. Enter long upon confirmation with stop loss placed safely below recent lows. Scale out at the take profit levelsNOTE: Trade at your own risk and do risk management

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$3,281
Stop Loss Price
$3,191
Price at Publish Time:
$3,233.47
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