Technical analysis by SCALPOO about Symbol PAXG: Buy recommendation (3/7/2025)

Gold (XAU/USD) Trade Plan – Breakout or Rejection Setup This trade is based on price action around a descending trendline and key resistance levels, aiming for a potential breakout or rejection move. Trade Setup: Entry Zone: Around 2,919 - 2,923, where price is testing the trendline and resistance area. Stop Loss: Placed at 2,906 to protect against downside risk if price fails to break resistance. Take Profit Target: 2,941 - 2,943, aligning with a major resistance level above. Market Outlook & Strategy: Bullish Bias: If price breaks the trendline and holds above the resistance zone, it confirms a bullish move toward the take profit zone. Bearish Risk: If price gets rejected at the trendline, a potential reversal could occur, leading to lower support zones. Confirmation Needed: A strong bullish candle closing above resistance or retesting support at entry levels before continuation. This trade aims to capture momentum from a breakout while managing risk with a well-placed stop loss. XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSDt.me/scalpoooI'm Waiting for trend breakout on 1h timeframe to enterTRADE NOT ACTIVE YET WATCH OUT NEWS COMING IN LIKE 30 MINUTESA 1h BREAK OF THE TREND LINE HAPPEND NOW IM WANTING FOR PRICE TO HIT MY ENTRY POINT TO BE ACTIVE TRADE