Login / Join

Technical analysis by BarnettWolf about Symbol PAXG: Sell recommendation (6/12/2025)

https://sahmeto.com/message/3599121
Sell،Technical،BarnettWolf

Observation of the hourly gold K-line pattern shows that the current price is still in a fluctuating upward channel. Based on this technical feature, if subsequent data is favorable and pushes gold prices further up, it may form a trading opportunity to arrange short orders at a staged high level. It is important to note that although the gold price surged rapidly after the data was released, it has shown a significant first-line resistance effect in the historical trading intensive range of 3400-3410. Considering that the bullish momentum has not yet broken through the technical conditions of this key pressure zone at this stage, the technical correction of the price after the surge is in line with the logic of price behavior. At the specific operational level, it is recommended to adopt a trading strategy of low-long and high-short with the trend. In the short term, it is recommended to establish short orders when the gold price rebounds to the 3405-3410 areaOperation strategy:1. It is recommended to short gold near the rebound of 3405-3410, with a stop loss at 3418 and a target of 3380-3360;

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$3,396.46
Share
Signals
Top Traders
Feed
Alerts