Technical analysis by FOREX_QUEEN_10 about Symbol PAXG: Buy recommendation (2/12/2025)

Gold (XAU/USD) 1-Hour Chart Analysis1. Trend Overview:The chart displays Gold Spot (XAU/USD) on a 1-hour timeframe.A Bearish Flag pattern is identified, which is typically a continuation pattern signaling a potential downward move.Current Price: 2,882.960Exponential Moving Average (DEMA 9): 2,882.392, which is almost at the current price level, indicating indecision.2. Key Price Zones:Yellow Box (Consolidation Zone):The price has been consolidating within this highlighted range, suggesting accumulation or distribution.A breakout in either direction will determine the next move.Support & Resistance:Support Levels:2,860 (Lower boundary of consolidation)2,840 (Previous key level)Resistance Levels:2,920 (Upper boundary of consolidation)2,940-2,960 (Trendline resistance)3. Trendlines & Price Action:Green Trendline (Uptrend Support): Price is still above this, meaning the uptrend is not yet broken.Red & Blue Trendlines (Bearish Reversal): The price is below these trendlines, indicating a potential downward momentum.4. Trading Scenarios:Bearish Breakdown:If price breaks below the yellow zone and green trendline support, it could confirm further downside.Target: 2,860 → 2,840Bullish Reversal:If price breaks above 2,920 and holds, a bullish reversal is possible.Target: 2,940 → 2,960Conclusion:Neutral to Bearish Bias: The Bearish Flag suggests a possible downward move, but confirmation is needed.🎯 ANOTHER WINNING ANALYSIS! 🎯 🔥 Bearish Flag Played Out PERFECTLY! 🔥 Patience and strategy paid off! Our bearish flag formation broke down exactly as expected, and we hit our target levels beautifully. 📉✅ This is why we follow technical analysis and trust the process! More setups coming—let’s keep this momentum going! 🚀 💬 Who caught this move with me? Drop a comment below! ⬇️ #ForexTrading #XAUUSD #GoldTrading #TechnicalAnalysis #TradingSuccess