Technical analysis by laurettaelorm about Symbol PAXG: Buy recommendation (1/5/2025)

Gold (XAU/USD) has pulled back into a significant buy zone between 2626 and 2630 aligning with a key demand area and the ascending trendline support. This retracement provides a potential entry point for buyers looking to capitalize on the next leg up.Scenario:If price holds within this zone, we could see a bullish reaction driving prices towards the $2,704 resistance level.The overall trend remains bullish, with the higher lows supporting a continuation of the upward momentum.Keep an eye on price action within the buy zone for confirmations before entering long positions. Always use proper risk management!