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Technical analysis by BarnettWolf about Symbol PAXG: Buy recommendation (6/17/2025)

https://sahmeto.com/message/3602200
Buy،Technical،BarnettWolf

The 4-hour K-line pattern of gold shows that the upward trend remains intact. The focus of the day is on the strong support range of 3360-3365 (technical resonance with the 5-week moving average). Before the price effectively breaks below the support band, the bulls still have upward momentum, otherwise the trend may reverse. The 3365-3420 range is maintained for the day. In the evening, the gold operation strategy, Mr. Weng, suggested that the callback to the 3370-3375 area should be arranged in batches. If the support of 3360-3365 is broken, add positions to go long.Operation strategy:1. It is recommended to go long at the callback to 3370-3375 for gold now, and add positions to go long at the support level of 3360-3365, with a stop loss at 3352 and a target of 3380-3420.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3,412.96
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