Technical analysis by Mr_Lucas_Fx_01 about Symbol PAXG: Buy recommendation (3/21/2025)

Gold (XAUUSD) has been trading within a descending channel on the 1-hour timeframe, experiencing a sharp breakdown below the lower boundary. However, price action suggests a potential recovery, with a forecasted bounce back into the channel. If momentum holds, XAUUSD could see a bullish correction toward the upper trendline. Traders should watch for confirmation signals before entering long positions.Gold (XAUUSD) has been trading within a descending channel on the 1-hour timeframe, experiencing a sharp breakdown below the lower boundary. However, price action suggests a potential recovery, with a forecasted bounce back into the channel. If momentum holds, XAUUSD could see a bullish correction toward the upper trendline. Traders should watch for confirmation signals before entering long positions.Trade Active Running 130 pips profittarget reached successfully achieved 280+ pips