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

Hello, Traders! 👋What are your thoughts on gold?Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend.The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position.Another method is to wait for a break above the most recent high before buying on a pullback to the broken level.The bullish trend continues, but trades must be performed with correct risk management and confirmation indications.What is your opinion on gold? Do you anticipate further growth?🚀 GOLD (XAU/USD) – Breakout or Deeper Pullback? 🔥💰 Gold Spot (XAU/USD) - 8H Chart Analysis🔍 Market Insights:🔹 Strong Uptrend: Gold continues to hold its bullish momentum, respecting the ascending trendline.🔹 Key Resistance Zone: The $2,945 - $2,960 area has been acting as a supply zone (black box).🔹 Fibonacci Support: Price recently tested the 0.236 Fib levels ($2,902 & $2,871), which align with a key demand zone (yellow box).📈 Two Potential Scenarios:📌 Bullish Breakout: If price holds above the trendline & reclaims resistance, we may see a breakout towards $2,980 - $3,000 🚀.📌 Deeper Pullback: If support breaks, we could see a correction to $2,875 - $2,850 before a stronger reversal.📊 Key Levels to Watch:✅ Support: $2,902 - $2,871 (Fib Levels & Trendline)✅ Resistance: $2,945 - $2,960 (Supply Zone)💬 Do you think gold will break out or dip before the next leg up? Drop your thoughts below! 🔥👇#gold #xauusd #forex #trading #priceaction #technicalanalysis