Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Buy recommendation (5/6/2025)

**Gold (XAU/USD) trade plan** based on My levels, optimized for risk/reward: ---### **Gold (XAU/USD) Buy Setup** **✅ Key Level:** **3300** (Resistance turned Support) **🎯 Buy Zone:** **3340** (Pullback entry after breakout confirmation) **🔥 Target:** **3500** (+1600 pts | **1:3+ R/R** if SL at 3280) **🛑 Stop Loss:** **3280** (Below breakout level + buffer) #### **Why This Works?** 1. **Breakout Retest:** Price broke **3300 resistance**, now acting as support. 2. **Higher Highs/Lows:** Uptrend intact (bullish structure). 3. **Target Logic:** Measured move from recent swing low projects to **3500**. #### **Entry Triggers (Choose One):** - **Aggressive:** Buy near **3340** with tight SL (3280). - **Conservative:** Wait for **bullish reversal candle** (e.g., hammer, engulfing) at 3300-3340. #### **Risk Management:** - **Never risk >1-2% per trade.** - **Move SL to breakeven** at **3380** (after +400 pts). #### **Invalidation:** - Close below **3280** (false breakout → cancel trade). --- **Optional Confluence:** - Check **RSI (30-50)** for oversold bounce. - Watch **USD weakness** (Fed dovishness, CPI data). Let me know if you want tweaks (e.g., shorter-term scalp targets). 🚀trade activekeep hold in buy