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

I'm currently bullish on Gold (XAU/USD) in the short to medium term, based on the 4-hour chart structure and key technical levels.🔍 Technical Breakdown✅ Key Support Zone:Price recently respected the $3,204.97 level, which has proven to be a key support area on the 4H chart. This level has held strong after multiple tests, forming a solid base for potential upward movement.✅ Resistance / TP1:The first significant resistance level lies at $3,435.13. This is a previous supply zone where price faced selling pressure. If bullish momentum sustains, this will be my first take-profit (TP1) level.✅ Resistance TP2:Should the price break above TP1 with strong volume, the next major resistance is around $3,497.61, which will act as TP2 for this long setup.📊 Trade Setup•Entry Zone: Around $3,328–$3,333•Stop Loss: Below recent swing low at $3,263.26•Take Profits: TP1: $3,435.13 TP2: $3,497.61🔁 Risk-Reward Ratio: ~2.32This setup offers a favorable R:R with a potential gain of 4.91% vs. a risk of 2.12%.📉 BBTrend Indicator ConfirmationThe BBTrend histogram has started turning green again, indicating a shift in momentum toward the bulls. This transition often aligns with the early phase of upward movement, supporting a potential continuation of the trend.🧠 ConclusionThe market structure shows higher lows forming after a strong support retest, signaling a bullish reversal. A break and close above $3,333 would further validate the bullish thesis. As long as the support at $3,204.97 holds, I remain optimistic about Gold retesting higher resistance zones.🟩 Bias: Bullish📅 Timeframe: 4H⚠️ Note: Always manage your risk and confirm entries with your own strategy.