Technical analysis by RTED_Investing about Symbol PAXG: Buy recommendation (4/22/2025)

The XAU/USD market continues its impressive rally, recently reaching a new all-time high at 3500 before pulling back toward support and the previous day's high. The price action completed an ABC structure prior to this retracement. Currently, the market may be forming a triangle or flag pattern, similar to past consolidation setups. As long as the price remains above the upward trendline and the critical 3400 support level, the probability of a trend continuation remains high. A retest of the ATH level followed by a move higher is likely, with the next target at the resistance zone around 3520