Technical analysis by Ahmedshebe about Symbol PAXG: Buy recommendation (5/13/2025)

XAU - USD fanatics , we are back! yesterday we anticipated for a fall which we got but didn't satisfy us that much. Today we are still on BEARISH IDEOLOGY , everything else is pointing us for spike up, so where do we stand? what do we do? Here's the technicality , marked $3350 as our first confirmation for the UPWARD MOVEMENT, so once this level is broken we should look at further UPSIDE MOMENTUM to at least $3498 however we for us to CONFIRM our FALL we need to confirm mainly with $3219 this is the breaking point , so once we break this LEVEL my dear friends we should Target $2963. That's a RUN , isn't it ?? yes and since it's a falling Run , this means we should have our Accounts waterproofed as the fall might be NASTY. OVERALL we need to hit a few levels for the WATERFALL to occur either we take out $3270 first and then have our fall or try the next level @$3350 then have our fall either way , we are BEARISH this week , but depends on the MOMENTUM at this level, Pattern Formation . So yes I'm anticipating for a fall but the fall can only happen after we do a retest UP there. Let's see how the market is unfolding will be back with updates.Rising Wedge identified at 5/13 10:45. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 3,271.68 within the next 1 hour. As anticipated earlier we are expecting retesting of the previous higher levels before seeing that waterfallChannel Up identified at 12:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 3,223.49 within the next 5 hours. We are yet to confirm the pattern conclusion and have our sell entries. Personally i have a few BUY entries still running on reds with strict SL & TP ZONES. However as indicated earlier we are ALL BEARISH Today. let's see what the market has for us. will be back with further updates later.Head And Shoulder Formation on 45Mnts TF , what the........ we are in going for a FALL , could this be the MELTDOWN, looking at my previous analysis was expecting the PRICE to Rise before the MELTDOWN but as it is there's the probability of having a direct fall, immediately the formation is complete.. Backle UP guys , we are going! let's await for confirmation, and BOOM! we will be in .