Technical analysis by Mr_Lucas_Fx_01 about Symbol PAXG: Buy recommendation (4/1/2025)

Mr_Lucas_Fx_01

This 15-minute chart of Gold Spot (XAU/USD) shows an uptrend with key resistance and support levels. After breaking above a strong resistance zone (red area), the price continued its bullish movement along a trendline. A recent consolidation (yellow triangle) suggests a potential continuation toward the target of 3,150Explanation:1. Breakout Zone: The price broke past a key resistance level (red zone), which now acts as support.2. Uptrend Line: The price is following a rising trendline, showing continued strength.3. Bullish Continuation Pattern: A small consolidation (triangle) suggests another upward push.4. Target: If the breakout continues, the price may reach 3,150.This analysis indicates a strong bullish momentum, with price action favoring further gains.