Technical analysis by Bullionbuzz about Symbol PAXG: Buy recommendation (2/12/2025)

This is a trading chart for Gold Spot against the U.S. Dollar (XAU/USD) on a 4-hour timeframe. The chart shows recent price action, technical analysis, and a projected bullish movement.Key Elements in the Chart:Current Price & Market DataThe price at the time of the chart is approximately 2,887.315 USD.It opened at 2,893.230 USD, reached a high of 2,898.040 USD, a low of 2,883.915 USD, and is down -5.955 (-0.21%).Technical Analysis & Key ZonesEntry Zone: Highlighted around 2,860 - 2,882 USD, indicating a potential buying area.Support Levels: Around 2,852.307 USD and 2,843.407 USD, marked as potential downside targets if price retraces further.Resistance Zone: around 2,900 USD, possibly indicating a supply zone or consolidation area.Projected Price MovementA bullish trajectory is illustrated with price breaking above the grey consolidation zone and continuing upward toward 3,000 USD.The price action suggests a pullback to the entry zone before moving higher.The final target is around 3,000 USD, implying a strong uptrend expectation.•Traders might be looking for confirmation signals at the support level before entering long positions.ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.Trade active hold your positions.