Technical analysis by money_magnet2 about Symbol PAXG: Buy recommendation (5/12/2025)

This chart displays a technical analysis pattern on the XAU/USD (Gold/US Dollar) 30-minute timeframe. Here's a breakdown:Pattern Identified: This appears to be an inverse head and shoulders or a rounded bottom pattern, signaling a potential trend reversal from bearish to bullish.Entry Point: Marked by the green arrow, indicating a potential buying opportunity.Stop Loss: Placed slightly below the lowest point in the pattern to limit risk.Take Profit: Set near the upper boundary of the pattern’s resistance zone.Strategy Insight:This setup suggests a bullish bias, expecting the price to rise after forming a rounded bottom and breaking the neckline (resistance). The trader aims to profit from this breakout.Would you like help calculating the exact risk-to-reward ratio or backtesting this setup?ACTIVE TRADE