Technical analysis by Maxpipspr0 about Symbol PAXG: Buy recommendation (4/14/2025)

Gold (XAU/USD) – Bullish Outlook Backed by Harmonic Structure and Market FundamentalsWe are currently anticipating a bullish continuation in XAU/USD, supported by a combination of technical signals and macroeconomic drivers.On the technical side, the recent completion of a Bullish Butterfly Harmonic pattern suggests a potential reversal zone (PRZ) has been confirmed, indicating strong buying interest at the 3195 level. The symmetry within the XA, AB, BC, and CD legs of the harmonic structure aligns well with Fibonacci ratios, reinforcing the credibility of this bullish signal.Additional confluence is found with:Strong horizontal support near 3195Positive divergence on momentum indicators (e.g., RSI )Price action respecting the 50 EMA as dynamic supportOn the fundamental front, growing market uncertainty, dovish expectations around global central bank policy, and sustained geopolitical tensions are likely to keep gold attractive as a safe-haven asset. Moreover, persistent inflation concerns and weaker global growth forecasts continue to support the upside potential for precious metals.Trade Setup:Entry: 3195Take Profit 1: 3225Take Profit 2: 3245Stop Loss (Recommended): 3180Risk Management Note: Proper risk-reward ratio and position sizing are advised, considering increased volatility due to upcoming economic releases and geopolitical developments.