Technical analysis by Johnson67 about Symbol PAXG: Buy recommendation (5/27/2025)

Key Zones IdentifiedSupport Zone (Red Box at Bottom):A strong historical buy zone around 3,100 USD, marked as a base for bullish reversal.Demand Zone (Green Box Mid-Level):Area where price previously reversed upward, indicating institutional buying interest.Supply Zone (Smaller Green Box):Historical sell area where price faced resistance in the past.Resistance Zone (Dark Green Top Box):Strong resistance around the 3,446–3,448 USD level, marked as the Target 1 zone.---Current Market StructurePrice: 3,230.580 USD at the time of the screenshotEntry Level: Just above current price at 3,232.980 USD (suggested long position)Stop Loss: Just below demand zone at 3,217.612 USDTarget 1: 3,446.992 USD---Projected MoveThe chart shows a bullish scenario:Price is expected to retest the entry zone (minor pullback).Then bounce from demand and head toward Target 1 in the resistance zone.Favorable risk-reward ratio supported by Ichimoku cloud alignment and demand zone bounce.---Technical IndicatorsIchimoku Cloud:Price is currently above the cloud, signaling a bullish trend.Bullish momentum is supported if price holds above the cloud post-pullback.Trend Lines:A previous bullish trend channel is visible on the left.Breakout and retest dynamics seem in play with current movement.---ConclusionThis chart illustrates a professional bullish trade setup on XAU/USD, driven by institutional demand zones, Ichimoku cloud confirmation, and a clear risk-managed entry/exit plan. The target aligns with a key resistance zone, offering a good upside potential if price action respects the demand support.