Technical analysis by filatovarthur about Symbol PAXG: Buy recommendation (5/28/2025)

Gold is showing signs of recovery on the H1 timeframe, rebounding from the critical $3,290 support zone after a brief consolidation phase. A notable development is the 50-period moving average crossing above the 200-period MA — forming a Golden Cross, which is a classic bullish signal suggesting upward momentum may strengthen in the near term.🔍 Momentum Insights:Resistance Check: On the micro-level, XAUUSD is approaching short-term resistance — the 50-MA itself — which may offer temporary friction.MACD Confirmation: The MACD histogram has crossed above the signal line, reinforcing bullish divergence and signaling growing upward momentum.Structure: Price is maintaining higher lows while respecting the moving average structure — a sign of controlled bullish development.📈 #TradeIdea – Breakout StrategyWe are watching for a buy opportunity above the $3,320 breakout level, aligning with a shift in both momentum and structure.🔼 Long Setup:📍 Entry: Buy on breakout above $3,320🎯 Target 1: $3,350🎯 Target 2: $3,365🛡️ Stop-loss can be trailed below $3,290 (support turned invalidation)