Technical analysis by Trading_King_Arthur about Symbol PAXG: Buy recommendation (4/20/2025)

Trading_King_Arthur

Congrats to everyone who followed my long positions before last Thursday’s market close!Gold opened higher today, bringing us the first profit of the new week — a great start with accurate direction! Currently, gold is facing selling pressure near the historical high around 3360. On the 1H chart, technical indicators look solid. Once the pressure is absorbed, there’s a good chance the price may reach new highs today. However, be cautious: If the upward trend weakens or stalls, there’s a risk of a double top formation — a bearish sign for the bulls.📌 Key zones to watch today (as marked in the chart):Support: Around 3308Resistance: Around 3369 With price at elevated levels, a breakout above resistance often leads to a pullback to retest previous support, so adjust strategies flexibly. Trading Advice:Focus on support/resistance flipsPrioritize sell high, buy low within the zoneManage risk and avoid chasing price blindly