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

This chart shows a technical analysis setup for trading Gold (XAUUSD) on a 15-minute timeframe. Here's a breakdown of what's being shown:1. Support and Resistance Zones:Support Zone (Bottom pink band): Around $3,190.Resistance Zone (Top pink band): Around $3,245.2. Entry Level:Marked just above $3,210 with a blue line. This is where a potential buy (long) trade is being considered.3. Price Action:The orange circles mark important swing highs and lows, indicating key turning points.The pattern suggests a potential double bottom formation near the support zone, which is a bullish reversal pattern.4. Trade Setup:Buy Entry: Around $3,215.Stop Loss: Below $3,190, under the support zone to limit losses.Take Profit: Around $3,245, near the resistance zone.5. Market Sentiment:Bullish bias is indicated by the projected arrow toward the take profit area, suggesting the analyst expects upward movement.Would you like help analyzing the risk/reward ratio or any other trading metrics for this setup?ACTIVE TRADE