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Technical analysis by APEX_BULL about Symbol PAXG on 5/5/2025

https://sahmeto.com/message/3480600
APEX_BULL
APEX_BULL
Rank: 2210
2.3
،Technical،APEX_BULL

This is 1 hour timeframe analysis on Gold. we can see market market is continuously moving down following the trend line and below we have a strong support zone which market broke retested and now it's going again to retest the zone, so we can see two possible scenarios from here.Scenario 1:If the market tap the key zone at 3260 and show some reversal signs tha it can show some rejection and it can move down from there.Scenario 2:If the it breaks above this zone than it go for trendline retest and above the trend line at 3280 we can see it going high at 3320Market is at the 3260 - 3268 zone wait for confirmation, market and can move at any side from where it's standing breakout at either side could gave us some good pipsThe price broke above the key support zone at 3268, showing intense bull pressure 🐂💥, as predicted. After showing signs of strength, it moved up, hitting the target 🎯 as expected.The scenario where the market tapped the support zone and experienced rejection has been confirmed, validating the trade idea 📈✅.Therefore, the analysis can be considered successful, and the target has been achieved 🙌.Follow for more updates! 📊🔔

Translated from: English
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Signal Type: Neutral
Time Frame:
30 minutes
Price at Publish Time:
$3,270.79
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