Technical analysis by DollarsMagnet about Symbol PAXG: Buy recommendation (5/6/2025)

Gold (XAU/USD) is currently showing strong bullish momentum after successfully breaking above key resistance levels, as highlighted on the chart. The recent reclaim of the bullish order block around $3,360 suggests sustained buyer interest. With price now trading well above the 200 EMA and forming higher lows along a supportive trendline, the outlook remains positive. The market structure indicates a potential short-term consolidation before another push higher toward the $3,420-$3,440 zone. As long as the price holds above the $3,360 bullish OB zone, the bias remains bullish. Expecting a continuation of the uptrend targeting previous highs near $3,495. Stay tuned, like, comment, and follow DollarsMagnet for more updates!Gold (XAUUSD) Trade Update:- Gold first took support from a strong support level, as previously mentioned.- Price retraced into a key bullish order block and respected it well.- Now, strong bullish candles are forming, indicating buying strength.- Our first trading zone is created from this area, suggesting a potential continuation to the upside.- Monitor for a sustained move above recent highs for further confirmation of bullish momentum.Gold (XAUUSD) Trade Update:- Shared the initial analysis from 3382.- Yesterday, Gold touched 3437, achieving over 550+ pips in profit — an excellent move!- Now, after this strong rally, we are looking for another entry on the retracement into the bullish order block zone.- Watching closely for bullish confirmation signals from this key area to continue the uptrend.- Stay disciplined — wait for clean setups and manage risk carefully.