Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Buy recommendation (4/13/2025)

SOAM_PRO_TRADER

Gold (XAU/USD) Technical Analysis 🔍 Trend Overview Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.🟢 Key Bullish Developments- Range Breakouts observed on two occasions acted as solid bases for further upside.- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.📌 Support Levels to Watch- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).- $3,101: Strong POI from previous consolidation zone. 📈 OutlookAs long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.If you enjoy press the like button.