Technical analysis by naumanfx_ about Symbol PAXG: Buy recommendation (2/9/2025)

🔹 Current Trend:Gold has been showing a bullish trend, respecting key support zones while maintaining a higher-low structure. The 20-period WMA (Weighted Moving Average) at 2,864.780 is acting as dynamic support.🔹 Key Levels:✅ Support Zone: 2,854 - 2,861 (Marked in Green)✅ Resistance Zone: 2,886.812 (Marked in Red)🔹 Trade Setup:📈 Bullish Scenario:Price is consolidating at a strong support level and forming a potential higher low structure.A breakout above the current consolidation could trigger a bullish move towards 2,886.812.If price holds above the 2,861 zone, this can be a confirmation for further upside movement.📉 Bearish Invalidations:A break below 2,854.420 would indicate potential weakness, possibly leading to a move toward 2,841.082.🔹 Trading Plan:Buy Entries on confirmation of bullish price action above the support zone.Stop Loss placed below 2,854 to minimize risk.Take Profit at 2,886 to capitalize on the potential bullish momentum.⚡ Are you bullish or bearish on Gold? Drop your thoughts below! ⬇️🔥#XAUUSD #GoldTrading #ForexTrading #PriceAction #TradeSetup #TechnicalAnalysis