Technical analysis by FxLunney_CEO about Symbol PAXG: Buy recommendation (3/18/2025)

Certainly! Here's a description for your TradingView idea focusing on a Gold (XAU/USD) Buy Setup:---Gold (XAU/USD) Buy Setup & AnalysisFundamental OverviewGold has recently surged to record highs, surpassing $3,000 per ounce, driven by economic uncertainties and geopolitical tensions. The weaker U.S. dollar has also contributed to increased demand for gold as a safe-haven asset. Technical AnalysisResistance Levels: $3,016.92 | $3,038.00Support Levels: $2,530 | $2,500Indicators:RSI: Neutral zone (~45-50), indicating balanced momentum.MACD: Shows bullish divergence, signaling potential upside momentum.50 EMA: Acting as dynamic support, currently at $2,850.Long SetupEntry: Above $3,016.92 (confirmed breakout).Targets: $3,038.00 | $3,100.00Stop Loss: Below $3,000.00 for risk management.Risk-Reward Ratio: Maintain a 1:2 risk-reward ratio.Final ThoughtsGold is exhibiting strong bullish momentum amid global uncertainties. A confirmed breakout above $3,016.92 could signal further upside potential.Like & Follow for more trading idea