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Technical analysis by David_Thompson_9 about Symbol PAXG: Buy recommendation (1/6/2026)

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David_Thompson_9
David_Thompson_9
Rank: 676
2.6

Short-term trading strategy analysis

Buy
Price at Publish Time:
$4,496.38
Buy،Technical،David_Thompson_9

The short-term trend shows significant downward pressure. The previous price surge has resulted in a large accumulation of profits, and the market is likely to see a technical correction. Especially during the first hour after the US market opens, which is an active period for global capital trading, the concentrated inflow and outflow of funds can easily trigger sharp price fluctuations. If the price breaks through to the upside at this key time window, the upward momentum has likely not yet been fully released, and there is still room for further upward movement. Based on the above analysis, the following trading strategy can be considered for the end of the trading day: If the price falls back to the 4470-4471 range, accompanied by stabilization signals such as shrinking trading volume, long positions can be established to capitalize on the opportunity for the market to continue its upward trend. If the price rises to the key resistance zone of 4499-4500 and shows signs of pressure such as weakening volume, a small short position can be initiated. However, strict stop-loss discipline must be followed to guard against a short squeeze after the price breaks through the resistance level. It should be emphasized that financial markets are highly random and uncertain. In practice, trading strategies should be dynamically optimized by combining real-time market dynamics with one's own risk appetite. If you have any questions about the transaction, please leave me a message. XAUUSD GOLD XAUUSD GOLD XAUUSD

Source Message: TradingView
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