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Technical analysis by TheSignalyst about Symbol PAXG: Buy recommendation (6/4/2025)

https://sahmeto.com/message/3580048
TheSignalyst
TheSignalyst
Rank: 2693
2.1
Buy،Technical،TheSignalyst

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈After breaking above the $3,330 structure, GOLD's momentum shifted to bullish again from a short-term perspective.Moreover, the $3,310 is a strong demand as Gold made an explosive movement from it.🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support, demand and red trendline acting as a non-horizontal support.📚 As per my trading style:As #XAUUSD retests the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)📚 Always follow your trading plan regarding entry, risk management, and trade management.Good luck!All Strategies Are Good; If Managed Properly!~RichDisclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$3,400
Stop Loss Price
$3,300
Price at Publish Time:
$3,375.79
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