Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (5/13/2025)

🔍 Technical Summary1. Daily Chart:•Trend: Strong long-term uptrend, recent retracement.•MACD: Still above zero but showing a decline in momentum—suggesting a pullback within a bullish structure.•RSI (14): Neutral at ~50, signaling consolidation, not overbought or oversold.•Price: Holding above major moving average, bullish structure intact.2. 15-Minute Chart:•Trend: Consolidation after downtrend, forming higher lows.•MACD: Positive crossover forming, upward momentum building.•RSI: ~60, showing moderate bullish momentum.•Price Action: Consolidation potentially forming a base at support near 3240.3. 3-Minute Chart:•Trend: Clear short-term bullish breakout structure.•MACD: Bullish crossover active.•RSI: Trending upward but not overbought (~60), indicating room for upside.•Price Action: Small breakout underway above short-term resistance.⸻🧠 Fundamental Backdrop (Gold):•Inflation & Rate Cut Expectations: Potential for Fed rate cuts continues to support gold.•Geopolitical Risk: Any flare-ups (e.g., Middle East or economic instability) tend to favor gold.•USD Weakness: If the USD weakens due to dovish Fed tone, it benefits XAUUSD.⸻🏁 Trade Plan✅ Trade Idea: LONG XAUUSD•Entry: 3250.00•Enter slightly below current price for a minor pullback.•Stop Loss (SL): 3225.00•Below recent local support and consolidation zone.•Take Profit (TP): 3300.00•Just below recent swing highs for a conservative but strong target. XAUUSD