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

Hardin_Pitt

SIGNAL UPDATE: Gold (XAUUSD) is showing signs of a potential bullish reversal after a corrective move. Price has bounced from a support zone around the 3200 level and is now forming a higher low, indicating possible upward momentum.Key Levels:•Entry Zone: Around 3,209•Stop Loss (SL): Below 3,191 support zone•Take Profit Targets:•TP1: 3,240•TP2: 3,260•TP3: 3,281Technical Highlights:•Price rejected the resistance zone and retraced back to a significant demand zone.•Volume analysis shows increased buying pressure around support.•Potential for a bullish breakout if resistance is flipped into support.•Risk-to-reward ratio favorable for a swing trade setup.Trade Plan:Wait for confirmation of bullish momentum near the entry zone. Enter long upon confirmation with stop loss placed safely below recent lows. Scale out at the take profit levelsNOTE: Trade at your own risk and do risk management