Technical analysis by Maxpipspr0 about Symbol PAXG: Buy recommendation (2/27/2025)

Following a brief period of downward pressure, my outlook for XAUUSD is decidedly bullish, driven by the identification of a Butterfly harmonic pattern on the chart, which suggests a strong potential reversal and continuation to the upside. This technical setup aligns with broader market dynamics, including ongoing macroeconomic factors such as inflationary pressures and potential weakening of the US dollar, which could further support gold’s upward trajectory. TP1 2909TP2 2920TP3 2944SL 2877