Technical analysis by Ahmad_Fxbeast about Symbol PAXG on 5/12/2025

Ahmad_Fxbeast

📌 Chart OverviewTimeframe: 1 HourCurrent Price: ~ 3275-3280Bias: Conditional (based on breakout confirmation).As previously analyzed, Gold has reached 3270 area. This zone will determine the next market direction- bullish or bearish. Check out our trade plan for potential opportunities!✅ Buy Trade Setup (Bullish Scenario):Trigger: Price breaks and closes above 3290 Plan:: Enter long after confirmation (e.g. bullish candle close above 3290): TP1: 3340: Final TP: 3400 Reasoning:> Breakout above a key intraday resistance> Pattern suggests potential bullish momentum continuation.❌ Sell Trade Setup (Bearish Scenario)Trigger: Break and close below 3260Plan::Enter short after confirmation of breakdown: TP1: 3230–3225 zone: Final TP: 3205Reasoning:>If price fails to hold above 3260, likely to revisit previous demand zones>Clean drop potential visible on the left side of the chart Key Decision Area:>3260–3290 zone is crucial:>Acts as a no-trade zone unless broken>Avoid getting trapped in consolidation or fakeouts hereCongrats traders. As we analyzed after breaking of 3260 market comes down and our sell Target1 3225 successfully achieved ✅ we booked 350 pips ⚡️Congrats we successfully achieved our Final Target.