Technical analysis by YUKIOTRADER90 about Symbol PAXG on 5/11/2025

The chart you've shared is a 4-hour (4H) time frame of Gold Spot (XAUUSD) against the U.S. Dollar, showing some clear technical patterns and annotations. Here’s a breakdown and a suggested Trade Plan with Take Profit (TP) and Stop Loss (SL):🧠 Technical Analysis:Trend:There is a strong bullish impulse (green arrow).A potential bull flag or bullish pennant is forming.A V-shaped recovery suggests momentum is back on the buyer’s side.Fibonacci Levels:0.382 retracement (3,352) was tested but not broken.Current price is hovering around 3,325, close to 0.5 retracement.Chart Pattern:Consolidation after the impulse indicates accumulation phase.Breakout from the consolidation could fuel another upward move.Forecasted Move:The blue arrow suggests bullish breakout continuation.🧾 Trade Plan:📈 Buy Setup (Bullish Continuation)Entry: Around 3,325 (current level)Take Profit (TP):TP1: 3,383 (0.236 Fibonacci level / previous resistance)TP2: 3,450 - 3,500 (next resistance / measured move target)Stop Loss (SL):SL: 3,290 (below recent swing low and consolidation support)🔒 Risk Management:Risk/Reward Ratio: ~1:2 or better.Risking ~35 points for potential 60–175 point gain.