Technical analysis by Artiverma256 about Symbol PAXG on 3/21/2025

This XAU/USD (Gold vs. USD) chart on the 30-minute timeframe presents a structured technical analysis with a clear bullish setup. Here’s a deeper breakdown:1️⃣ Market Structure & Key Levels• Consolidation Zone: A highlighted rectangular area where price has been ranging between approximately $3,018 and $3,046.• Breakout & Retest: The price has dropped below the consolidation zone, hitting a lower support level (around $3,012 - $3,016). The chart suggests a retest of a minor support-turned-resistance zone before pushing higher.2️⃣ Trade Plan & Price Action• Support Zone (Entry Area):• A small rectangle below the main consolidation suggests an ideal buy zone where price is expected to find support before reversing upwards.• The current price (around $3,020-$3,022) is testing this level, meaning a potential buying opportunity is forming.• Target Zone (Take-Profit Area):• The final target is around $3,054 - $3,056, marked at the top of the chart.• The price is expected to break back into the previous consolidation range and then push towards this target.3️⃣ Indicators & Confirmation• Bullish Bias:• The projected move (blue arrow) indicates a higher-low formation, suggesting a bullish trend continuation.• Liquidity Grab: The sharp drop before the anticipated rise suggests a potential stop-hunt before a reversal.• Risk Management:• If price fails to hold the minor support zone, it could drop further. A stop-loss should be placed below the $3,012-$3,014 level.4️⃣ Trading Strategy Based on This Analysis✅ Entry: Around $3,020 - $3,024 after confirmation of support.🎯 Target: $3,054 - $3,056.🛑 Stop-Loss: Below $3,012 - $3,014 (to avoid getting caught in further downside).📈 Risk-Reward Ratio: Looks favorable, potentially 1:3 or better.Final ThoughtsThis setup suggests a bullish recovery after a stop-hunt, with a clean entry-retest-breakout formation. The key confirmation point will be how price reacts near $3,020-$3,024. If it forms a bullish engulfing or rejection wick, a strong upward move is likely.Target Reached.