Technical analysis by TheSignalyst about Symbol PAXG: Buy recommendation (5/10/2025)

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈GOLD has been overall bullish from a macro perspective trading within the rising wedge pattern in orange.After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD signaled the start of the correction phase as marked by the red falling channel.Moreover, the $3,100 - $3,150 zone is a strong support.🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange trendline acting non-horizontal support.📚 As per my trading style:As #XAUUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)📚 Always follow your trading plan regarding entry, risk management, and trade management.Good luck!All Strategies Are Good; If Managed Properly!~RichDisclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.It is getting closer, get ready!Bullish Correction movement started :)