Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Buy recommendation (5/25/2025)

I’m sharing a trading signal or idea for XAU/USD (Gold vs. US Dollar):•Buy at 3358•Target: 3500•Rationale: Expecting price to touch recent highs againLet me break it down and offer some considerations:1. Price Context•3358 is a very high level for gold — if this is a real-time signal, it’s likely based on a future bullish momentum expectation or perhaps referring to a forecasted level.•The all-time high for gold (as of mid-2024) was around $2,450. If you mean 3358, it might be a typo or you’re referring to something else like a gold-related index, synthetic pair, or specific contract (e.g., in another currency or leveraged ETF).2. Technical Analysis TipsIf you’re anticipating a move to 3500, here are a few things traders typically confirm:•Strong uptrend with no major resistance between 3358 and 3500•Volume confirmation on bullish candles•Fundamental backing like economic weakness, high inflation, or geopolitical tension3. Risk Management•Entry: 3358•TP: 3500•SL: You should have a clearly defined stop loss to manage downside risk — perhaps based on a recent support level (e.g., 3310 or 3280)•Risk-reward: Make sure the reward (3500-3358 = 142) is at least 2x the risk