Technical analysis by Johnson67 about Symbol PAXG: Buy recommendation (5/13/2025)

1. Chart Type and Platform:TradingView is used for technical analysis.The chart symbol is GOLD (US$/oz).Timeframe: 2-hour chart.2. Indicators and Markings:An indicator called "Order Blocks & Breaker Blocks [LuxAlgo]" is applied.Order blocks (highlighted zones) are marked in red, green, and purple, suggesting significant price zones of support/resistance.A "breakout" label is marked in a purple shaded region near the bottom left.A red oval is drawn, likely indicating a key price zone or price action pattern.3. Price Targets:The current price is around 3,252.970 USD.Two target levels are marked:First target is around 3,400.000 USD.Final target is around 3,497.443 USD.4. Technical Analysis:The chart includes a forecasted path for the price action with arrows indicating a potential bullish move.The analysis suggests a retracement before a move upward toward the first and final target zones.5. Date and Time:The timeline at the bottom includes dates from early April to mid-May 2025.The current local time is shown as 1:41 AM on May 14, 2025.This appears to be a trader's projection of potential bullish movement in gold based on price structure and order block zones.