Technical analysis by ProcessAndIntercept about Symbol PAXG: Buy recommendation (2/19/2025)

📌 Description:Gold's price action is aligning with a familiar historical pattern, hinting at a potential breakout. Let’s break it down:1️⃣ Historical Precedent – Looking back, a similar market structure led to a significant bullish move. Recognizing these patterns can provide an edge in anticipating market behavior.2️⃣ Recurring Structure – Once again, the chart is shaping up in a way that mirrors past price action. If history is any guide, this could be a pivotal moment.3️⃣ Bullish Pennant Formation – The current price action suggests the formation of a bullish pennant, a classic continuation pattern. When combined with historical context, the probability of a breakout strengthens.🔍 Fundamental Factors:- Geopolitical Uncertainty: Rising tensions and macroeconomic instability continue to drive demand for gold as a safe-haven asset.- Interest Rate Expectations: With potential shifts in central bank policies, any dovish signals could fuel further upside in XAUUSD.- Inflation & USD Strength: Any weakness in the dollar or persistent inflation could further support gold’s bullish case.⚡ Is this the next major move for gold? Let’s discuss! Drop your thoughts below! 👇