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Technical analysis by ForexOptimizer about Symbol PAXG: Buy recommendation (3/26/2025)

https://sahmeto.com/message/3376650
ForexOptimizer
ForexOptimizer
Rank: 684
3.0
Buy،Technical،ForexOptimizer

Gold (XAUUSD) has broken out of a symmetrical triangle consolidation on the 1H chart, signaling bullish continuation. With solid technical structure and momentum building, the path toward 3,093+ remains firmly in play.📊 Technical Breakdown1. Symmetrical Triangle FormationPrice coiled within a classic symmetrical triangle, forming higher lows and lower highs—typically a continuation pattern in trending markets.A breakout has now occurred to the upside, confirming bullish bias.2. Breakout ProjectionThe measured move from the triangle projects a 2.62% upside, targeting the 3,093 zone.3. Clean Market StructureBullish impulse followed by healthy consolidation reflects market strength.Expectation: Price will print higher highs and higher lows on its way to upper targets.🎯 Bullish TargetsTP1: 3,047.652TP2: 3,058.038TP3: 3,093.957These levels are based on recent structure highs and the measured move from the breakout.📌 Trade PlanEntry Idea: On triangle breakout retest or momentum continuation above 3,025Stop Loss: Below triangle support (~3,000)Risk-to-Reward: Favorable on breakout continuation setups🔎 Confluences✅ Symmetrical Triangle Breakout✅ Strong Bullish Trend✅ Measured Move & Clear Targets✅ Consistent Market StructureGold bulls are stepping in with strength. As long as price holds above the breakout zone, expect further upside toward 3,090+.Want a version with SL-to-BE logic or trailing TP adjustments? Just let me know!

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Price at Publish Time:
$2,998.36
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