$PAXG Trade Idea - Simple Explanation
Price now: $4065
Last 24 hours high: $4075
Chart reading:
- Price is in middle (not too high, not too low) = waiting for direction
- Strength meter (RSI) at 50 = normal, not tired, can go up
My plan:
Baught at : $4053 (range $4050-$4060)
Safety exit if wrong: $4025
First profit: $4090 (take half 50%)
Second profit: $4130 (next half 50%)
When to exit?
If price goes below $4040 for 1 hour = trick move (fake out), ready for exit.
Risk: Dollar is strong now (102.29). If dollar stays strong above 102.30, gold may struggle.
This is analysis, not financial advice. Manage your risk.
#JobsReportRaisesHikeOdds #TradFiForBeginners #PAXGUpdates
Price now: $4065
Last 24 hours high: $4075
Chart reading:
- Price is in middle (not too high, not too low) = waiting for direction
- Strength meter (RSI) at 50 = normal, not tired, can go up
My plan:
Baught at : $4053 (range $4050-$4060)
Safety exit if wrong: $4025
First profit: $4090 (take half 50%)
Second profit: $4130 (next half 50%)
When to exit?
If price goes below $4040 for 1 hour = trick move (fake out), ready for exit.
Risk: Dollar is strong now (102.29). If dollar stays strong above 102.30, gold may struggle.
This is analysis, not financial advice. Manage your risk.
#JobsReportRaisesHikeOdds #TradFiForBeginners #PAXGUpdates
