Technical analysis by Johnson67 about Symbol PAXG: Buy recommendation (5/26/2025)

Key Technical Elements1. Market StructureThe chart shows a bullish market structure with a clear change of character (CHOCH) on the left, indicating a reversal from a previous downtrend.Formation of higher highs (HH) and higher lows (HL), confirming an uptrend.2. Zones & LevelsSupport Zone: Marked near the 2,180–2,200 range, this is a demand zone from which price reacted sharply upward.Resistance Zone: Around 2,360–2,390, this area is expected to act as selling pressure; price previously reversed from here.Opening Gap: Identified in the middle of the structure, indicating potential imbalance or unfilled orders.3. Fibonacci ConfluenceMultiple Fibonacci retracement levels align with price action, especially during pullbacks. This adds confidence to retracement entries.4. Chart PatternsA bullish channel (ascending parallel channel) is drawn, indicating price is respecting the structure and marching upward.The projection shows a potential breakout to the upside post-channel consolidation.5. Target & Risk ManagementProjected Long Target: Around 2,438.387, marked with a green box, showing a bullish breakout continuation.Stop Loss Area: Below 2,304.729, indicating disciplined risk control.Risk-Reward Setup: This setup looks optimized for a long entry with a favorable R:R ratio (risk-reward).---ConclusionThis chart reflects a well-structured bullish trade idea on XAU/USD, supported by market structure analysis, order block theory (demand/supply zones), Fibonacci levels, and clean breakout projections. It combines institutional concepts (like CHOCH, gaps) with classic technical tools, suitable for short- to medium-term traders aiming to catch trend continuations.