Technical analysis by MYWORLD115 about Symbol PAXG: Buy recommendation (5/18/2025)

XAUUSD Chart 4H Analysis BUY Gold Doesn't Have To Be Hard Profit Surging!The provided XAUUSD (Gold Spot/U.S. Dollar) 4-hour chart outlines a structured technical setup with clearly defined entry points, retracement zone, and multiple take-profit (TP) targets. The current price at the time of analysis is **$3,198.67**, with the potential for a bullish continuation upon confirmation within the valid setup zone. Let’s break this down in detail:**Current Price and Entry Strategy*** **Current Price:** $3,198.67* **Recommendation:** Look for better entry around or near the green support zone. The setup is bullish-biased, suggesting a buy-on-dip opportunity.* **Support/Invalidation Zone:** If the price **closes below the green zone**, the setup will be **invalidated**. Hence, risk management and confirmation are crucial before taking any position.**Target Levels Identified**Three Take-Profit (TP) levels are established in the chart, each indicating potential upward momentum if the price respects the support and begins to rise again:* **TP1: $3,220.67** ✔️ Gain of **22 USD (220 pips)** from current price ✔️ Represents an initial move post-entry confirmation ✔️ Ideal for short-term scalpers or conservative traders* **TP2: $3,252.67** ✔️ Gain of **54 USD (540 pips)** from current price ✔️ Mid-level target indicating strong bullish continuation ✔️ Can be a good point for partial profit booking* **TP3: $3,284.67** ✔️ Gain of **86 USD (860 pips)** from current price ✔️ Long-term or full swing trade target ✔️ Represents full bullish momentum with higher reward-to-risk ratioUpdate GOLD (XAUUSD) POSTED ON SUNDAY 18 MAY 2025.GOLD (XAUUSD) HIT TP 1 => 3220.67 (220 PIPS)Update GOLD (XAUUSD) HIT TP 2 => 3252.67 (540 PIPS)UpdateGOLD (XAUUSD) HIT TP 3 => 3284.67 (860 PIPS)