Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (3/5/2025)

Technical Analysis:1.Trend Analysis:•H1: Uptrend resuming after a pullback. MACD histogram turning positive, indicating bullish momentum. RSI at 59.21, showing strength but not overbought.•M15: Price recently broke above resistance and is holding above it. MACD near zero but turning positive, supporting bullish continuation. RSI is neutral at 50.36, leaving room for further upside.•M3: Strong breakout and consolidation. MACD is positive, and RSI at 52.73 shows bullish strength.2.Support & Resistance:•Key support: 2900•Key resistance: 29453.Moving Average Confirmation:•On all timeframes, the price is holding above the moving average, signaling bullish continuation.Fundamental Analysis:•Gold is benefiting from safe-haven demand amid global uncertainties.•US Dollar Index (DXY) has been weakening, which supports gold’s upside.•Upcoming economic data (if dovish) may further push gold higher.Trade Execution:•Entry: 2915 (Current price)•Stop-Loss (SL): 2900 (Below key support)•Take-Profit (TP): 2945 (Key resistance level) XAUUSD