Technical analysis by MuhammadTrades about Symbol PAXG: Buy recommendation (7/16/2025)

XAUUSD / GOLD Long Trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly. Risking 1% to make 1.4% Note: Manage your risk yourself, its risky trade, see how much your can risk yourself on this trade. Use proper risk management Looks like good trade. Lets monitor. Use proper risk management. Disclaimer: only idea, not adviceI am in trade from 3348 as current market price, trade is valid.Traders in my opinion: GOLD turned into bearish, we entered trade at 3347, while price is not able to close above our entry price, its right now 3340 as closing today, and pressure is bearish, so I recommend to either close this position with 7 points loss or hedge this buy position by opening same lot as sell and we observe entire Friday what price does, Friday will help us understand what exactly market wants, then we will enter again on Monday with right direction by taking new position in market direction. Its always better to be sure which direction market wants to go and then we go along, we don't want to go against market, so either close at 3340 right now or hedge by opening sell position at 3340, then we will enter again on Monday. Stay profitable.