Technical analysis by FX_Mark0 about Symbol PAXG: Buy recommendation (5/20/2025)
FX_Mark0

Gold is currently trading around 3290, exhibiting strong bullish price action, suggesting a favorable environment for buyers. The current momentum indicates a potential move towards the final resistance at 3340, making this a strong buy opportunity in the short term.Trade Setup:Buy Entry Zones:Current price zone: 3290Potential dip-buy zone: 3275 (possible fakeout/retest area)Targets:3300 – Minor psychological resistance3310 – Near-term resistance3320 – Intermediate target3340 – Final resistance & major targetStop-Loss:Conservative: 3265Aggressive: 3260 (below support/fakeout zone)Analysis Summary:The chart suggests continued bullish momentum. A minor retracement to 3275 may occur, which would provide a second entry opportunity for buyers. As long as price holds above 3260, the bullish structure remains intact, targeting incremental levels up to 3340.Risk Management Tip: Adjust position sizing according to risk tolerance and maintain discipline around stop-loss levels.Let me know if you'd like this in a visual chart format or if you'd like to include moving averages, RSI, or other indicators for deeper analysis.