Technical analysis by ByteSignals about Symbol PAXG: Buy recommendation (2/27/2025)

Gold (XAU/USD) is testing a strong support zone after a bearish move. This level has historically acted as a demand zone, making it a high-probability buying opportunity.Entry: Near the support zone around $2,880-$2,885Stop Loss: Below the support at $2,862 to manage riskTake Profit 1: $2,920 – Previous resistance levelTake Profit 2: $2,953-$2,964 – Upper range resistance📊 RSI is oversold, signaling a potential bounce.📈 If price holds above support, a bullish reversal could follow.🚀 A breakout above $2,900 could accelerate the move.🔔 Risk management is key! If price breaks below support, reassess the trade.#XAUUSD #Gold #Trading #PriceAction #Support #Forex