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Technical analysis by MoneyMantraCha about Symbol PAXG: Buy recommendation (6/9/2025)

https://sahmeto.com/message/3591658
MoneyMantraCha
MoneyMantraCha
Rank: 1496
2.5
Buy،Technical،MoneyMantraCha

Hey Rich Friends, Happy Monday! I think Gold will continue to buy today and maybe this week. This is only my technical analysis so make sure to check the news and cross-reference any indicators you have on your charts. - The candles have crossed and closed above the previous high on H1 and H4 showing bullish momentum.- After the break of the previous high, H1 was resistance has been retested as support confirming bullish momentum. - The stochastic is facing up, the fast line (blue) is above the orange line (slow) and 1 or both lines have crossed above the 80% line. These are bullish confirmations for me. Additional information:- Wait for the current candle to close for more bullish confirmation. - I would set buy stops/TPS to 3400. I will be using previous highs as TPs and previous lows as SL. Only enter this trade if it make sense to you. Peace and Profits, Chabuy stop triggered at 3335.I will typically set pending orders and TPs at the same place in case the trade continues to go on. Although I entered for market execution buy and hit TP at 3335. The trade triggered at 3335 has hit SL making this one break even for me. I have additional buy stops set for when the momentum continues.

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$3,370
Stop Loss Price
$3,285.85
Price at Publish Time:
$3,349.81
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