Technical analysis by Mark-Rocket about Symbol PAXG: Buy recommendation (16 hour ago)

Gold has been hitting new highs recently, which is nothing new. While bulls are constantly hitting new highs, we must be wary of technical pullbacks. Yesterday, during the Asian session, I warned my friends not to chase long positions at high levels, fearing the risk of a sharp pullback. Sure enough, gold experienced a sharp unilateral pullback, falling from around 4179.6 to 4090, a drop of nearly $90. Yesterday, we bought at 4105-4110 and added to our long positions at 4096-4100. Gold rebounded immediately after hitting 4090, a perfect buy for the bulls. Gold opened today, repeating yesterday's trend. However, be careful not to chase long positions at high levels, and be wary of a sharp technical pullback. Wait for a pullback and stabilization before entering long positions. This is the only way to ensure a safe bet. Everyone must pay attention to risk control in their trading. If your current trading is not ideal, I hope my article can help you avoid investment pitfalls. Feel free to discuss your options! Looking at the 4-hour market trend, the short-term support at 4136-4142 is currently underway, with a focus on the key support level of 4076-80. The bullish rally is strong and there's no end in sight. Trading strategies should prioritize buying on pullbacks. In the intermediate range, be cautious and cautious in following orders, patiently waiting for key entry points. I'll provide detailed trading strategies during the trading session, so please stay tuned. Go long on gold with a light position at 4136-4142, and add to your position when it falls back to 4113-4122. The target is 4195-4200, and continue to hold if it breaks through!