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

:📈 Professional Analysis: XAU/USD – GOLD Price Forecast 🟡🗓️ Date: May 28–29, 2025 | ⏱ Timeframe: Intraday (Hourly)🔍 Instrument: Gold vs. USD (XAU/USD)📊 Technical Chart Summary🟥 Resistance Zone:📌 Level: $3,350 – $3,365🛑 Price has rejected this zone multiple times, marking it as a strong supply area.📉 Each test of resistance led to a pullback — showing seller strength 💪.🟩 Support Zone:📌 Level: $3,280 – $3,295🛡 Multiple higher low bounces suggest this zone is being defended by buyers.🔁 Price has formed 3 reaction lows, indicating accumulation 📥.🔄 Structure & Pattern Recognition🔺 Descending followed by Ascending Swings⛳ Market shows a reversal attempt after forming a potential double bottom / triple test at support.📈 Bullish structure forming with the latest swing creating a higher low.📉 Past wave = Bearish Correction📈 Current projection = Potential bullish impulse if the support holds.📐 Projection & Price Action Forecast📍 Current Price: $3,297.175📈 Expected Move: Bounce off support → climb toward $3,330–$3,350 🔼🧠 Rationale:Price testing support againMarket respecting horizontal rangeNo clean breakdown yet📊 Bullish Scenario (Primary)🔁 Rebound off support🎯 Target: Resistance zone ($3,350)✅ Entry: Above $3,300 with bullish candle close🛑 SL: Below $3,280📉 Bearish Breakdown (Alternate)❌ Break below $3,280🎯 Target: $3,260 or lower⚠️ Wait for confirmation candle🔚 Conclusion🟡 Gold (XAU/USD) is trading within a well-defined range with buyers stepping in near $3,290 and sellers near $3,355.📌 Based on current technicals, there’s a higher probability of an upward move, unless support breaks decisively.🛠️ Pro Tip:💡 Use RSI + Volume to confirm momentum on breakout. Look for bullish divergence or volume surge near the bounce.