Technical analysis by erdenemunkh731 about Symbol PAXG: Buy recommendation (3/5/2025)

XAUUSD (Gold) Long Setup | Bullish Flag Breakout📌 Entry: 2916.8 (Entry after breakout confirmation)🛑 Stop Loss: 2895.0 (Below the flag support)🎯 Target 1: 2945.0 (Previous structure high)🎯 Target 2: 2970.0 (Major resistance level)🔍 Setup Explanation:•A bullish flag pattern has formed, and a breakout is occurring.•Trendline breakout has been confirmed, with a potential higher low formation or direct upward move.•If strong bullish momentum continues, price may reach 2945-2970 levels.📌 Risk Management:•Placing SL at 2895.0 helps to avoid fake breakouts.•Risk-to-reward ratio (R:R) = 1:3+, making it a profitable setup