Technical analysis by MMFlowTrading about Symbol PAXG: Buy recommendation (5/9/2025)

Gold Friday Volatility – Liquidity Sweeps & Potential Channel Break AheadGold kicked off Friday with intense volatility, triggering sweeping liquidity grabs during the Asian session. Price dropped aggressively into the 327x region, clearing stop zones and vacuuming liquidity — only to quickly rebound and fill the imbalance above.This classic FVG (Fair Value Gap) behavior was especially visible on the M30 timeframe, as price repeatedly left behind inefficient zones and promptly returned to fill them. Volatility remains elevated — and traders should proceed with caution.📉 Technical Context – End of the Downtrend?Since Thursday, gold has been trading in a clean descending parallel channel, respecting lower highs and pushing downward. However, late in the Asian session today, a bullish momentum surge appears to be testing the upper boundary of this channel.We are now watching the 3324 level very closely.A confirmed breakout above this zone — with candle closure outside the trendline — would suggest a structure shift and open the door for BUY setups on the retest.Until then, we observe. Let price confirm. We trade the reaction, not the assumption.🌍 Macro Risk – Trade Tensions & Weekend VolatilityThe market remains extremely reactive to:Geopolitical risks: Military tensions are still simmering.US–China tariff discussions: President Trump is expected to make remarks on tariff policy.Any surprise here could heavily impact USD and gold.⚠️ Liquidity sweeps are common on Fridays — especially into London and NY sessions — so risk management is critical today.📌 Key Technical Levels to Watch🔺 Resistance:3345 → 3364 → 3395🔻 Support:3280 → 3270 → 3256 → 3244 → 3225The 3324 and 3366 zones are particularly critical.If price closes firmly above these zones, bullish continuation becomes more likely.If price gets rejected, we stay within range and look for sell opportunities.🎯 Trade Plan – Friday, May 10🟢 BUY ZONEEntry: 3280 – 3278SL: 3274TPs: 3285 → 3290 → 3295 → 3300 → 3305 → 3310 → 3320🔴 SELL ZONEEntry: 3364 – 3366SL: 3370TPs: 3360 → 3356 → 3352 → 3348 → 3344 → 3340 → 3330🧠 Final Thoughts:Friday often delivers unexpected liquidity traps.With news expected from the White House and technical structure on the verge of a break, this session could offer both risk and reward — if approached with discipline.✅ Use clear levels.✅ Respect TP/SL.✅ Stay sharp as NY volume enters.📣 Let’s end the week strong. Drop your charts and ideas below!