Technical analysis by SF_TEAM_CLUB about Symbol PAXG: Buy recommendation (5/11/2025)

Gold (XAU/USD) Bullish Breakout Setup | Intraday OpportunityTimeframe: 1H (Hourly)Instrument: CFDs on Gold (XAU/USD)Published on: May 11, 2025Technical Overview:Gold (XAU/USD) is currently forming a classic breakout pattern after consolidating under a descending trendline. The price has respected a key support zone near 3,252 – 3,325, forming a potential base for an upside move. Recent bullish momentum and volume spike hint toward a possible breakout above the descending resistance.Trade Setup:Entry Zone: Current Market Price (~3,326)Stop Loss: Below support at 3,252 (risk-managed placement)Take Profit 1: 3,398 – short-term resistance and previous supply zoneTake Profit 2: 3,557 – extended target near multi-session highsAnalysis Highlights:Break of the descending trendline may trigger momentum buying.Strong horizontal support visible on multiple timeframes.Risk-to-reward ratio remains favorable for intraday to short-swing traders.