Technical analysis by ayushpanchal92 about Symbol PAXG on 3/7/2025

XAUUSD Head and Shoulders Pattern – Potential Bullish Breakout! Gold (XAUUSD) has formed a Head and Shoulders pattern on the 4H timeframe, signaling a potential bullish breakout. Key Levels & Observations: 🔹 Neckline Support: $2,900 - $2,880 (Key demand zone) 🔹 Breakout Resistance: $2,920 - $2,940 🔹 Confirmation: A breakout above $2,940 could trigger a rally towards $2,970 - $3,000. 🔹 Invalidation: If price breaks below $2,880, a bearish move towards $2,780 is possible. Trade Plan: 📌 Entry: Above $2,920 with confirmation 📉 Stop-Loss: Below $2,880 🎯 Target 1: $2,970 🎯 Target 2: $3,000 📊 Conclusion: Gold is at a crucial decision point. A successful breakout could drive prices higher, while rejection may lead to a pullback. Stay cautious and manage risk accordingly! 🚀