Technical analysis by Ki_Joko about Symbol PAXG: Buy recommendation (1/12/2025)

The XAU/USD chart shows a symmetrical triangle pattern, indicating a potential significant breakout. The long-term trend leans bullish, with an ascending lower trendline, while key resistance levels are at 2695–2698 and 2718, and support levels are at 2660–2677. The RSI is in a neutral zone (59) with an upward trend, signaling strengthening bullish momentum, supported by green bars on the Awesome Oscillator (AO). A breakout above the 2698 resistance with strong volume could push prices higher toward 2718 or beyond. Conversely, a failed breakout and a drop below the 2660 support could trigger a bearish move. The strategy involves waiting for breakout confirmation for a buy or selling if key support levels are breached.