Technical analysis by raksazatrader about Symbol PAXG: Sell recommendation (7/4/2025)
https://sahmeto.com/message/3615030
raksazatrader
Rank: 1317
Analytical Power:
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📢 Join our Free Forex Signal Group – 100% No Payment Needed!🚀 Real-time Setups & Premium Analysis → t.me/rkzfx🟣 XAUUSD H1 – Sell Limit from Supply ZoneSell Limit at: 3385.00TP1: 3355.00 (RR 1:1)TP: 3325.00 (RR 1:2)SL: 3415.00📌 Technical Reasoning– Price is retracing toward the upper boundary of the supply zone, aligned with channel resistance.– Previous strong bearish rejection confirms this supply as valid.– Structure suggests a lower high may form if supply holds, offering low-risk short setup.📌 Fundamental Insight– Gold faces pressure from stronger USD following better-than-expected labor data.– Market anticipates fewer rate cuts in near-term, maintaining downside pressure on XAUUSD.
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$3,342.72