Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (5/21/2025)

✅ Trade Bias: Long (Buy)⸻🔍 Technical Analysis Summary📈 Daily Chart•Trend: Strong uptrend with recent consolidation after an extended move higher.•MACD: Bullish momentum cooling but still positive — histogram declining slightly.•RSI: Neutral zone at 55.90, indicating room to the upside before overbought levels.⏱ 15-Minute Chart•Trend: Pullback followed by a strong bullish continuation. Price is making higher highs and higher lows.•MACD: Strong bullish crossover; histogram expanding upward.•RSI: 62.34 — not yet overbought, signaling continuation potential.⏱ 3-Minute Chart•Price Action: Bullish structure holding above short-term moving average.•MACD: Bullish crossover in early stages with histogram turning positive.•RSI: 66.22 — nearing overbought but not signaling immediate reversal.⸻🌐 Fundamental Context•Gold is supported by:•Persisting inflation concerns.•Geopolitical risk premium.•Expectations of rate cuts by the Fed in the coming quarters.There are no immediate bearish catalysts. The macro backdrop favors gold strength, especially as the USD shows some weakness.⸻🎯 Trade Setup: Long XAU/USD•Entry (Buy): 3320.00•Slight pullback toward previous resistance-turned-support and short-term MA confluence.•Stop Loss (SL): 3295.00•Below recent intraday swing low and support zone; protects against false breakout.•Take Profit (TP): 3370.00•Previous high extension zone, aligning with momentum continuation projection. XAUUSDMOVED SL TO BE @ 1:1, TRIGGERED