Technical analysis by ChartingMarketInsights about Symbol PAXG: Buy recommendation (4/16/2025)

This chart displays a clear bullish channel in Gold (XAU/USD) on the 15-minute timeframe, suggesting strong upward momentum. Price is currently trading near the upper trendline and a potential breakout zone.A buy trade has been suggested at 3330, targeting multiple take-profit levels:TP1: 3033TP2: 3036TP3: 3039TP4: 3042The Stop Loss (SL) is placed at 3324, slightly below recent minor support, to manage risk effectively.The price action remains bullish as long as the price holds above the lower channel support. A breakout above the shaded resistance zone could signal continuation toward higher levels, whereas a breakdown below the SL might invalidate the setup.This setup is ideal for intraday traders looking to capitalize on gold’s upward momentum within the defined channel structure.trade active now quick joine my telegram for more signalsboom boom 3 tp his for more signals joine telegram