Technical analysis by sufyanmirzaw about Symbol PAXG: Buy recommendation (2/23/2025)

Instrument: The chart appears to be tracking XAU/USD (Gold), as indicated on the right-hand side.•Trend: The price is moving upwards within a parallel channel, showing a consistent uptrend.•Fibonacci Retracement & Extensions:•Various Fibonacci levels are marked, which act as potential support and resistance zones.•The 0.786 Fibonacci level is a key retracement area currently being tested.•Projected Move:•A green highlighted area indicates a potential bullish move, suggesting an anticipated breakout toward higher levels.•The 1.618 Fibonacci extension level aligns with the target.•Support & Resistance:•Several horizontal lines indicate previous highs and lows, likely acting as key decision points.•The price recently retested the lower boundary of the channel and bounced back, reinforcing the trend.