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Technical analysis by Mr_Expert7- about Symbol PAXG: Buy recommendation (4/18/2025)

https://sahmeto.com/message/3440391
Mr_Expert7-
Mr_Expert7-
Rank: 28201

"Bullish Reversal Setup for XAU/USD with Targeted Take Profits"

Buy
Price at Publish Time:
$3,349.83
Buy،Technical،Mr_Expert7-

📈 Technical Analysis Summary✅ Trend ContextPrior Trend: Strong bullish rally (uptrend from April 17–22).Current Move: Sharp pullback, testing potential support zone (~$3,366).Market Sentiment: Appears to be anticipating a bullish reversal for continuation of the uptrend.🔍 Chart Breakdown🟢 Entry ZoneAround $3,366–$3,375 – current price is consolidating near this level.This zone is potentially a support level after the recent sell-off.🎯 Take Profit (TP) LevelsTP 1 – ~$3,405: Initial resistance level; minor structure.TP 2 – ~$3,435: Stronger resistance zone; mid-range consolidation level.Final TP – ~$3,490: Full target; retest of the previous swing high.These levels act as both profit-taking zones and potential reversal zones for partial exits.🔻 Risk ManagementImplied Stop Loss: Likely placed below the swing low (~$3,365 or slightly lower), minimizing downside risk.Risk-to-Reward (R:R): Appears favorable – roughly 1:2 to 1:3 depending on exact entry.🔄 Expected Price PathChart shows a V-shaped recovery with stair-step targets.Blue arrows indicate bullish progression through resistance levels.📊 Volume InsightNotably high volume on the recent sell-off suggests:Possible capitulation or stop-hunting before a reversal.Smart money accumulation could be underway.🧠 Trading Plan (Based on Chart Idea)StepAction🔍 EntryBuy near $3,366–$3,375🎯 TP1Close partial at ~$3,405🎯 TP2Close more at ~$3,435🎯 Final TargetExit rest at ~$3,490🛡️ Stop LossBelow $3,365 (e.g., $3,360 or $3,355)

Source Message: TradingView
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