Technical analysis by naumanfx_ about Symbol PAXG: Buy recommendation (3/16/2025)

XAUUSD (Gold) - 4H Trade SetupPublished: March 16, 2025🔍 Market Structure:Price is in a strong bullish trend, currently in a short-term retracement phase after a rally.Previous resistance has now turned into potential support zone (marked yellow box).📌 Key Zones Marked:🟡 1H Fair Value Gap (FVG): 2950–2965 area → acting as potential bullish reaction zone.🟦 1H Order Block (OB): 2940–2950 → deeper support in case of extended pullback.📉 Entry Idea:Wait for price to retrace into 1H FVG zone (yellow box) or deeper into 1H OB (blue box).Look for bullish confirmation (reversal candle / engulfing / BOS) inside those zones for entry.📈 Target Levels:TP1: 2993.410 🟥 (minor resistance)TP2: 3002.635 🟥 (previous high)📍 Stop Loss:Below the 1H OB zone (~2938), depending on entry precision.📐 Trade Plan Options:Option A: Buy Limit inside FVG + OB zoneOption B: Wait for bullish reaction on LTF (Lower Timeframe e.g. 15m/1h) → Enter on confirmation.📊 Risk-Reward: Estimated RR > 1:3, depending on entry accuracy.🧠 Confirmation Tools (Optional):Fibonacci retracement confluenceRSI / OBV divergence15m BOS & CHoCH for sniper entries