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Technical analysis by TradingShot about Symbol PAXG on 9/16/2025

https://sahmeto.com/message/3775881
TradingShot
TradingShot
Rank: 42
4.0
،Technical،TradingShot

Gold (XAUUSD) has been trading within a Channel Up for the past 2 years and right now it is unfolding its latest Bullish Leg. That started after the previous pull-back/ consolidation phase (May - July) hit and found Support on the 1D MA100 (red trend-line). This trend-line has been Gold's major Support and buy entry since mid-October 2023. Every pull-back on/ near it, kick-started a Bullish Leg, the weakest of which has been +16.59% and the strongest +23.75%. Since April 15 2024, the 1D RSI Resistance has been a great indication of when to sell (equally for buying the Support), so even though we expect the current Bullish Leg to complete a +22.06% rise at least, we will be looking at the RSI Resistance more closely to time the sell. The subsequent pull-back should bounce on the dashed pivot trend-line and naturally again on the 1D MA100, which will be a buy opportunity towards the ultimate long-term Target of 4300 (+22.00% again). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$3,703.81
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