Technical analysis by Lukegforex about Symbol PAXG: Buy recommendation (1/30/2025)

XAU/USD 4H - I am wanting to see price pullback now trading down and into the zone I have marked out above, this will be considered a break and retest from the area that was once Resistance now acting as Support.With XAU being a precious metal we can only assume that price will continue to appreciate overtime, I want to see price continue to create new highs this year but that isn't without saying price could also pullback to. Its important that when we are trading a market like this that is so fundamentally heavy due to USD and Crypto that we take precessions when we do look to enter in on the market.As always I will be waiting for confluence and relevant breaks in structure from any bearish correction before I look to buy into this market again.