Technical analysis by Trader-JamesFX about Symbol PAXG: Buy recommendation (2/19/2025)

Hi guys!What do you think about gold?The 4H chart shows gold consolidating in a sideways range, with Bollinger Bands tightening – signaling an imminent breakout.Key Levels:Resistance: $2,950 - $2,955 (needs to break for further upside).Support: $2,930 - $2,920 (potential BUY zone).Trading Plan:Wait for a retest of $2,920 - $2,930 and look for a strong bullish reaction to enter BUY positions.Short-term target: $2,950 - $2,970, extended target: $3,000.Stop-loss below $2,910 to manage risk.⚠ Risk Management: If price breaks below $2,910, it could trigger a deeper correction—stay cautious.Stay patient, wait for confirmation, and execute with precision – 500 pips are on the table!