Login / Join

Technical analysis by AlexeyWolf about Symbol PAXG on 5/19/2025

https://sahmeto.com/message/3526284
AlexeyWolf
AlexeyWolf
Rank: 2137
2.3
،Technical،AlexeyWolf

Hey traders and investors!📊 GOLD / W + D📍 ContextOn the weekly timeframe: a seller candle with increased volume but no result — the close is above 3201. This gives buyers a chance to take over the initiative.On the daily timeframe: the buyer has brought the price back into the range (lower boundary at 3201), which also keeps the door open for bullish scenarios.🎯 Trade IdeaConsider long positions after the price holds above 3265Potential targets: 3435 and 3500📌 ConclusionBulls have a chance — it's important to watch the price behavior around 3265 and look for long setups on lower timeframes. For example, a retest of 3265 after a breakout and absorption of the retest candle by the buyer, similar to what happened at the 3167 level on the hourly timeframe.This analysis is based on the Initiative Analysis concept (IA).Wishing you profitable trades!

Translated from: English
Show Original Message
Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$3,238.47
Share
Signals
Top Traders
Feed
Alerts