Technical analysis by NovaFX23 about Symbol PAXG: Buy recommendation (2/7/2025)

I've identified a strong bullish pattern on the hourly timeframe for 📈 Gold. After forming a new higher high, the market entered a corrective phase within an expanding channel, known as a bullish flag pattern. A breakout above the flag’s resistance would be a powerful trend continuation signal, highlighting buyers' dominance. There is a high probability that the market will continue its upward momentum, potentially reaching a new all-time high. Target levels are set at 2880 / 2890.