Technical analysis by FX_Mark0 about Symbol PAXG: Buy recommendation (5/26/2025)

Current Price Range: 3340 – 3350 USDTrend Bias: Strong BullishTime Frame Focus: Intraday to Short-Term (H1/H4)---Price Structure & TrendGold is currently consolidating within a narrow range of 3340 to 3350, forming a bullish continuation pattern (likely a flag or a pennant). The current consolidation is occurring after a strong bullish impulse, which signals a potential for trend continuation to the upside.This behavior is consistent with accumulation before breakout, often seen in trending markets. The presence of higher highs and higher lows on the H1 and H4 charts supports the bullish bias.---Key LevelsZoneLevelSignificanceSupport3335Pullback zone / Potential entry areaMinor Support3320Stop loss zone / Break of structure riskResistance 13365Initial profit target / minor resistanceResistance 23375Midway resistance / partial exit levelMajor Resistance3380–3400Final target zone / Strong supply area---Entry & SetupEntry Zone: 3335–3355 (ideal is a retest of 3335 with confirmation candle)Entry Type: Long (Buy) on support retest + bullish candle confirmation (pin bar, engulfing, etc.)Stop Loss: Below 3320 (tight risk, below structure support)Take Profits:TP1: 3365TP2: 3375TP3: 3400 (final target)Risk:Reward Ratio (Approximate):From entry at 3335: R:R = 1:2.5 to 1:3.5 depending on targetFrom entry at 3350: R:R = 1:1.5 to 1:2.5---Technical Indicators RSI: Likely in the 55–65 zone on H1/H4, indicating strength but not yet overbought.MACD: Histogram positive, signal line above zero, supporting bullish momentum.Volume: Look for rising volume on bullish candles and low volume on pullbacks.---Chart Patterns & ObservationsBullish Flag / Pennant: Suggests a continuation of the prior bullish move.No bearish divergence observed (if indicators used).Trendline support: Can draw ascending trendline connecting recent swing lows.---Conclusion & StrategyGold remains in a bullish phase with clear consolidation before potential breakout. Best opportunity is a buy on dip, ideally on a clean retest of 3335–3340 support zone with proper confirmation.If gold breaks above 3355–3360 with momentum, aggressive traders may consider a breakout entry with reduced risk and tighter stops below 3340.Avoid entries below 3320 as this would invalidate the bullish structure and may indicate a shift in trend.