Technical analysis by Cartela about Symbol PAXG: Buy recommendation (5/7/2025)

https://sahmeto.com/message/3492076

XAUUSD MARKET OUTLOOK

Buy

Price at Publish Time:

$3,388.9

Profit Target:

(+1.36%)$3,435.06

Stop Loss Price:

(-1.75%)$3,329.65

Price consolidates at 3329.65 ahead of US FED INTEREST RATE CUT what do we expect next? Technically, price has found support around 3219.18 I anticipate more bullish price action to develop away from a 50% Fibonacci retracement level (3329.65)

Source Message: TradingView