Technical analysis by Louisa00112 about Symbol PAXG on 4/16/2025

Waiting for the gold price to test 3300At present, the gold price has accelerated to a new high of 3300 points.As shown in the figure.Through the four-hour cycle, the following conclusions can be drawn:1: The gold price has completely lost control and is in an accelerated rise stage.2: The next target is 3400 points.Since the V-shaped reversal has been formed, we will position 3400 points as the next trend target.If the target is broken directly, 3400 is a normal rise expectation, and 3300 as the middle area will definitely form a blocking effect.3: Don't blindly guess the so-called top. This is not a guess. All we can do is follow the trend.4: Next we have only one strategy, that is, to go long at a low price.5: We must wait for a new top structure and see an obvious big waterfall market.Only in this way can we execute the long strategy more safely.6: Current support level: 3250---3280So the next step is to wait, wait for the pressure level near 3300 to be fully tested, and wait for the formation of a local top structure.Whenever a big waterfall appears, it is an opportunity to enter the market.