Technical analysis by GoldyMan about Symbol PAXG: Buy recommendation (3/6/2025)

A key indicator for XAUUSD growth is the RSI trendline retest, confirming bullish momentum. Another bullish sign is a rebound from the lower boundary of the ascending channel.If prices break below 2865, the bullish scenario is invalidated, signaling further decline toward 2835. Conversely, a breakout above 2935 would confirm upward momentum, potentially accelerating gains.A short-term correction to 2890 is possible before resuming an uptrend targeting 3005. However, if XAUUSD breaches 2865, expect continued decline below 2835.