Technical analysis by Mission_Money about Symbol PAXG: Sell recommendation (7/15/2025)

This chart is a 4-hour trading view of XAUUSD (Gold vs US Dollar) from OANDA, showing a potential trade setup with defined entry, stop loss, and target levels. Key Details: Symbol: XAUUSD (Gold/US Dollar) Time Frame: 4-hour chart Current Price: ~3,329.855 Trade Type: Long (Buy) Setup --- 🔷 Trade Setup Overview Entry Point: Around 3,329.275 Stop Loss: Below 3,304.648 (Placed near a previous support level marked by the yellow zone) Target (Take Profit): Near 3,390.202 – 3,400.000 (Marked by a yellow resistance zone) --- 🧠 Strategy Insight: The chart shows a breakout or bounce from a consolidation/support zone. The trader expects bullish momentum to push the price towards the resistance zone above. The risk-reward ratio appears favorable, as the target is significantly farther from the entry than the stop loss. --- 🟡 Support and Resistance: Support Zone: Around 3,304.648 and slightly below Resistance Zone (Target Area): Around 3,390.202 – 3,400.000 --- ⚠️ Important Notes: Ensure confirmation of breakout or bullish pattern before entering. Adjust stop loss and target based on volatility or any major news/events (e.g., FOMC, NFP, inflation reports). Always manage position sizing and risk according to your trading plan. Would you like help calculating the exact risk-reward ratio or position size based on your account balance?