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

📈 Breakout AlertGold just broke out of the key descending trendline that has acted as resistance since early May. This breakout confirms a shift in structure and opens the door for a new local high in the coming sessions.📊 Technical ContextStrong reaction from the Bull OTE + POI zone around 3190-3230.Reclaimed 50% Fib retracement from the last leg down.Cleared the supply zone and trendline with momentum.🌍 Macro WatchIf tariff tensions between Europe and the US resurface, we could see a faster flight to safe-haven assets like gold. Risk-off narrative = bullish fuel for XAU.🎯 Next TargetPrice now eyes the liquidity resting above the 3450-3550 zone. This area could act as a magnet before the next meaningful pause.⚠️ Key SupportA clean retest of the broken trendline + 3320 area would be ideal to confirm the breakout structure.