Technical analysis by Mohammad_Mirdehghan about Symbol PAXG: Buy recommendation (2/25/2025)

Mohammad_Mirdehghan

🔍 Technical Breakdown:Gold has respected the key demand zone at 2,911 – 2,916, forming a strong base for a potential bullish continuation.The recent correction followed a complex wave pattern, completing an ABCDE structure before bouncing.The price is now moving towards the 161.8% Fibonacci extension at 2,992, a key upside target.📊 Momentum Indicators:The Stochastic Oscillator is recovering from lower levels, signaling renewed bullish momentum.A break above recent highs could accelerate upside movement toward the psychological $3,000 mark.🔥 Trading Outlook:Bullish Bias: As long as Gold holds above 2,911, the upside structure remains intact.Upside Target: 2,992 – 3,000 based on Fibonacci confluence.Invalidation: A sustained break below 2,911 could shift momentum bearish.📢 Are You Bullish on Gold? Comment below & hit Boost if you’re riding this move! 🚀✨🔔 Follow for More Precision Trading Insights!