Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (3/6/2025)

Technical Analysis:1.Trend Analysis:•1H Chart: Clear uptrend with a pullback and price stabilizing near 2918.•15M Chart: Price has been consolidating after a recovery from a dip.•3M Chart: Market is forming higher lows, showing strength.2.Indicators:•MACD:•1H Chart: Bullish momentum, MACD line above signal line.•15M Chart: MACD recovering from a dip.•3M Chart: Weakening bearish momentum, signaling potential reversal.•RSI:•1H Chart: 53.84 (neutral, with room for upside).•15M Chart: 50.50 (balanced, indicating neither overbought nor oversold).•3M Chart: 57.78 (leaning bullish).3.Support & Resistance Levels:•Support: 2910, 2895•Resistance: 2928, 2946Fundamental Analysis:•Gold’s recent movement is supported by:•Dollar weakness due to expectations of Fed rate cuts.•Geopolitical uncertainty keeping gold as a safe-haven asset.•U.S. Treasury Yields stabilizing, giving gold more upside room.Trade Execution:•Entry: 2918•Stop Loss (SL): 2908 (10 points)•Take Profit (TP): 2938 (20 points)•Risk-Reward Ratio: 2:1Rationale for Trade:•Momentum is bullish across timeframes.•Good confluence of technical and fundamental factors supporting upside.•Risk is well-managed with a strong RRR of 2:1. XAUUSD