Technical analysis by fsanalysis6 about Symbol PAXG: Buy recommendation (5/21/2025)

This chart illustrates a bullish market structure for XAUUSD with a clear upward trend. Here's a breakdown of the key components:* **Break of Structure (BOS):** A significant upward shift in market direction is marked, indicating a potential change in momentum from consolidation or downtrend to uptrend.* **Support Zone (S. Zone):** Highlighted after the BOS, this area shows where price is expected to find demand and possibly bounce upward again.* **Price Action Projection:** The arrow suggests a retracement to the support zone before continuing the upward movement. This implies a potential buying opportunity at the support zone with a target around 3,329.752 and a protective level near 3,270.888.* **Current Price:** The asset is trading around 3,301.670, indicating a potential entry zone near support.The structure supports a continuation of the upward move, assuming price respects the support zone.Chart Status: XAUUSD (as of May 21, 2025)*** **Trend Direction:** Bullish* **Current Price:** 3,301.670* **Market Structure:** * A **Break of Structure (BOS)** has occurred, confirming a shift to the upside. * Price has formed a new high, followed by a mild pullback.* **Key Zones:** * **Support Zone (S. Zone):** Between \~3,278.962 and \~3,270.888. This area is expected to act as demand. * **Target Area:** Projected upside target is near 3,329.752.* **Expectations:** * Price may pull back into the **S. Zone** before continuing its upward move. * The projection shows a bullish continuation if the zone holds.* **Risk Management:** * Protective zone (potential invalidation) lies below 3,270.888. * Reward-to-risk setup appears favorable based on the projection box.**Conclusion:** The chart indicates a healthy bullish structure, with a potential long opportunity upon retracement to the support zone