Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (5/23/2025)

Lingrid

XAUUSD is retesting the broken trendline from above while consolidating just above the key $3,300 level. A successful bounce from this zone could ignite a rally toward the next resistance at $3,382, breaking the recent lower high structure. However, the market remains sensitive to any fake breaks, as seen multiple times in the current structure. Bulls need to defend the trendline to keep the upward momentum alive.📈 Key LevelsBuy zone: $3,300 – $3,310Buy trigger: bounce from upward trendlineTarget: $3,382Sell trigger: close below $3,300💡 RisksAnother fake breakout could trap late buyers.Bearish rejection from the red resistance trendline may stall upside.U.S. macro data surprises could inject volatility.Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻