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Technical analysis by GoldMarketKiller about Symbol PAXG: Buy recommendation (6/2/2025)

https://sahmeto.com/message/3574486
GoldMarketKiller
GoldMarketKiller
Rank: 12355
1.5
Buy،Technical،GoldMarketKiller

🔵 Trendline Breakout 📈📏 Price broke above a descending trendline, signaling a potential bullish reversal.🔼 This breakout is often seen as a buy signal by traders.🧱 Resistance Area 🛑🔹 Price has entered and broken through a horizontal resistance zone.🔄 This zone may now flip into support, adding confidence to the long setup.🟧 Demand Zone 📦📍 Marked between 3,267 – 3,298.🛡️ Strong buying interest historically observed in this area.📉 EMA (70) at 3,298.065 acts as dynamic support.🟦 Entry Point 🚪🎯 Entry Level: 3,353🔄 Enter after retest confirmation or bullish candle above resistance.🔴 Stop Loss ⛔⚠️ SL Level: 3,311💣 Below the demand zone and EMA — protecting against false breakouts.🟩 Target Point 🎯🚀 TP Level: 3,490.000📌 Prior high zone — strong historical resistance expected here.💰 Trade Setup Summary✅ Buy Above: 3,354.930❌ Stop Loss: 3,311🎯 Target: 3,490.000📊 Risk/Reward Ratio: Favorable (approx. 1:3)🔎 Technical Confidence Levels🔵 EMA Support ✅🔵 Trendline Breakout ✅🔵 Resistance Flip ✅🔴 False Breakout Risk70 pips Done Hold your all Buy TradesWoow 100 pips Wonderfully Hit 🎯Xauusd Buy 3390 hit 370 pips Amazingly DoneHold Strongly💪 Market will big fly share your feedback in comments section

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$3,490
Stop Loss Price
$3,311
Price at Publish Time:
$3,366.55
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