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

XAUUSD is currently forming a textbook flag pattern at 3,358, following the sharp rally from March lows. This consolidation represents a pause in bullish momentum rather than a reversal, with price oscillating between well-defined boundaries in a rectangular formation. The 4H chart shows a completed corrective wedge pattern after April's 3,500 high, while the daily timeframe clearly displays the flag structure - a classic trend continuation pattern. The downward trendline containing recent price action appears increasingly vulnerable as gold approaches the flag's upper boundary.Key technical levels include immediate resistance at 3,400, with the more significant battle at 3,500 where April highs converge with the flag's upper boundary. A decisive break above this zone could trigger rapid acceleration toward measured move targets around 3,680 - 3,720. The major support at 3000 has held firm throughout consolidation, providing a solid foundation for renewed buying. The primary uptrend remains intact with consistent higher lows despite periodic weakness.The broader macro environment continues supporting gold's fundamental case through geopolitical uncertainties, currency concerns, and diversification needs. Combined with this compelling technical setup, the current consolidation likely represents accumulation rather than distribution. Next week we should monitor the flag's upper trendline closely, as any breakout above 3,380 - 3,400 could trigger rapid acceleration toward new all-time highs.Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻GOLD is pulling back slightly after retesting the major resistance near the April high and the broken downward trendline. The price is now hovering above the key $3,300 support zone and may form a higher low in this area. A successful bullish bounce could open the path to $3,415, and a breakout from that level would expose the $3,500 target. However, failure to hold above $3,300 might trigger another downward wave toward $3,200.📈 Key Levels- Buy zone: $3,280 – $3,300- Buy trigger: bullish confirmation above $3,300- Target: $3,415- Sell trigger: break below $3,280💡 Risks- DXY strength could weigh on gold in the short term- FOMC-related headlines might increase volatility- Rejection at $3,415 could reinforce a larger range formation