Login / Join

Technical analysis by Falcon-Trading-Signals about Symbol PAXG: Sell recommendation (4/16/2025)

https://sahmeto.com/message/3420549
Falcon-Trading-Signals
Falcon-Trading-Signals
Rank: 28496
1.4

Gold's Rally May Be a Bull Trap – Watch Resistance at $3,293

Sell
Price at Publish Time:
$3,312.21
Sell،Technical،Falcon-Trading-Signals

Market Structure:Gold has rallied toward the $3,275–$3,293 resistance zone, which may act as a distribution level, potentially signaling a short-term top.Cycle Timing:Today marks the 34th trading day since the rally began from $2,832 (Feb 28), andThe 8th trading day since the leg from $2,956 (Apr 7) — both are typical cycle inflection points, increasing the likelihood of a price reversal.Sentiment Drivers:Price action remains highly reactive to geopolitical news, particularly remarks from Trump, contributing to headline-driven volatility.🎯 Trade Recommendation:Short Bias:If price fails to break and hold above $3,293, consider short entries with downside targets at $3,190–$3,180. Suggested stop-loss above $3,300.Risk Management:Exercise caution during high-volatility windows. Use reduced position sizing and strict risk controls to mitigate unexpected price swings.

Source Message: TradingView
Signals
Top Traders
Feed
Alerts