Technical analysis by AutoMarkets about Symbol PAXG: Buy recommendation (3/25/2025)

Gold is currently testing a key confluence zone around $3,020, where 1H horizontal support, a 23m bullish trendline, and the descending trendline resistance (now retested) are all intersecting.Price action is showing signs of holding this level after a retest and rejection wick, suggesting potential for bullish continuation. MACD is also beginning to flatten after a recent bearish move, signaling possible momentum shift.Trade Idea:•Entry: Around $3,020–$3,022 (if price confirms support and rejection)•SL: Below $3,015 (beneath recent structure & trendline break)•TP1: $3,032•TP2: $3,038 (previous high)Confirmation Required:Wait for bullish engulfing or strong rejection candle at this zone on the lower timeframe (e.g., 15m or 23m) before entry.Bias:Bullish – as long as $3,015 holds and volume supports a bounce.