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Technical analysis by TP_Daniel about Symbol PAXG: Buy recommendation (7/8/2025)

https://sahmeto.com/message/3620674
TP_Daniel
TP_Daniel
Rank: 1540
2.5
Buy،Technical،TP_Daniel

We arranged a long order at 3320. Obviously, the market has given us an opportunity. After entering the long order, we should set a stop loss and wait patiently for the profit to be released. This is what we have to do, so there is no other idea and we are still bullish.The current market has a clear rhythm, and the support is effective. In the short term, it is still a bullish structure. The structure is not broken and the direction remains unchanged. We will continue to advance the trading rhythm as planned.🔸 Hold long orders near 3320, and the stop profit is 3335-3345 unchanged.🔸 Strictly implement the trading plan, keep a stable rhythm, and wait for the market to realize the space.Trade within the plan, rhythm first, keep an eye on the key points, and leave the rest to the market.So far today, two orders have been executed. The first order was a short order at the 3344 line. As expected, it fell smoothly and took profit near 3332. The rhythm was relatively ideal. Then, long orders were continued near 3320. Although it rebounded to near 3329 at one point, it failed to go up and turned to fall, failing to fully meet expectations. This is the norm in trading. There is no 100% winning rate. We are not concerned about a single profit or loss. Winning and losing are reasonable logic. What we do is the long-term stability of strategy and execution. Judging from the current market structure, the gold price formed a key support in the 3285-3280 area and stabilized and rebounded again. The technical form remained good and the effectiveness of the support below was enhanced. Therefore, we can still seize the opportunity to consider going long on gold near 3295-3285.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3,327.81
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