Technical analysis by YUKIOTRADER90 about Symbol PAXG on 5/4/2025
https://sahmeto.com/message/3479930

YUKIOTRADER90
Rank: 3635
Analytical Power:
2.0

🧠 Chart Analysis Summary:Current Price: Around 3,240.610.Resistance Zone: 3,256 – 3,264 (highlighted in orange).Support Zone: Around 3,220 (highlighted with a green target).Chart Pattern: Looks like a possible liquidity grab above before a potential sell-off (indicated by the hand-drawn zig-zag upward move and large downward arrow).🎯 Trade Setup Suggestion (Short Position):Entry: Around 3,256 – 3,264 (wait for price to enter this supply/resistance zone).Stop Loss (SL): Just above 3,270, ideally at 3,273 (above the marked resistance).Take Profit (TP): Around 3,220, as marked on the chart (support area).⛳ Summary:Risk: ~10–15 points.Reward: ~35–40 points.Risk-to-Reward: Roughly 1:3, which is favorable.Sl hit
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Signal Type: Neutral
Time Frame:
1 hourPrice at Publish Time:
$3,255.18