Technical analysis by Traders-Lounge about Symbol PAXG: Buy recommendation (5/18/2025)

XAUUSD (Gold) Technical Analysis 📉 Bearish Trendline Breakout & Retest: Price has broken above a descending trendline and successfully retested it as support, signaling a potential trend reversal. AB=CD Pattern: A harmonic AB=CD pattern is in play, supporting the bullish continuation scenario. Bullish FVG (Fair Value Gap): Gold has taken support from a Bullish Fair Value Gap, indicating strong demand in that zone. Wyckoff Upthrust Move: A Wyckoff Upthrust has played out, suggesting a possible spring and absorption of selling pressure. Trend-Based Fibonacci Projection: The next major Fib extension level (100%) is at 3285, providing a key upside target. Trade Setup 📈 Buy @ CMP: 3203 🛡 SL: 3152 🎯 TP1: 3235 🎯 TP2: 3285⚠️ Risk Management is the Key to success 🔐