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Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Buy recommendation (6/16/2025)

https://sahmeto.com/message/3601188
Algo_Trading_Mql5
Algo_Trading_Mql5
Rank: 586
2.9
Buy،Technical،Algo_Trading_Mql5

I'm referring to a gold trading signal or setup. ---🔶 Gold Buy SetupBuy Price (Entry): 3425Resistance Level: 3382 (Note: Resistance is usually below the entry only in a breakout scenario. More likely this is a typo and should be "Support Level")Target (Take Profit): 3500---📊 Analysis & Clarification1. Resistance Level – 3382If you're buying at 3425, and the resistance is at 3382, this setup seems contradictory.Normally:Support < Entry < Resistance < TargetIf 3382 is support, that would make more sense. That would suggest:Price has broken above resistance (3382)Now it's retesting or moving toward the target (3500)2. Updated Interpretation (Assuming Typo):ElementPriceSupport3382Entry (Buy)3425Target3500This indicates a bullish trend, possibly following a breakout above 3382.---✅ Trading ConsiderationsStop Loss: Not mentioned, but usually placed below support — e.g., ~3350.Risk-Reward Ratio:Risk: 3425 - 3350 = 75Reward: 3500 - 3425 = 75R:R = 1:1 (you might want to look for at least 1:1.5 or 1:2 for better setups)---Let me know if you’d like help with technical charting or risk management for this trade.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3,454.32
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