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Technical analysis by Trading_King_Arthur about Symbol PAXG: Sell recommendation (4/22/2025)

https://sahmeto.com/message/3436779
Trading_King_Arthur
Trading_King_Arthur
Rank: 1377
2.6
Sell،Technical،Trading_King_Arthur

📊 Yesterday, gold resumed its bullish move after a minor pullback, breaking through the 3400 level and reaching around 3440 during today’s early session, before starting to retrace.📉 In the chart I shared yesterday, the black line represents the key bull-bear boundary. The current price has already broken below this level, and if it fails to reclaim it, the trend may shift toward bearish in the short term.📌 Key support levels to watch:First support: 3383Next support: 3350If selling intensifies, there’s a real chance price may break below 3300Gold surged to 3500 today before pulling back sharply—a move that played out exactly as expected!Our sell signal in the 3490–3520 zone delivered strong profits for those who followed the strategy Now, the price is seeing a short-term rebound, but it’s crucial to watch resistance levels closely. If the rebound fails to hold above key resistance, there’s a high probability that prices will resume their decline, potentially heading to lower support zones.📍After breaking below 3400, gold’s initial rebound faced resistance and turned lower again.However, short-term indicators are now showing early signs of bottoming, and bearish momentum is weakening. The market seems to be stabilizing, so the focus should now shift toward identifying buying opportunities at lower levels.✅ Strategy Note:Avoid chasing shorts at this stageWatch for signs of price stabilization to consider low-entry long positions

Translated from: English
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Signal Type: Sell
Time Frame:
30 minutes
Price at Publish Time:
$3,361.99
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