Technical analysis by money_magnet2 about Symbol PAXG: Buy recommendation (5/29/2025)

This chart is a 30-minute timeframe for CFDs on Gold (US$/OZ), showing a potential long (buy) trade setup with clearly defined risk and reward parameters:Key Elements:Entry Zone: Around the current price level (approx. 3,271.44).Take Profit (TP): Targeted near 3,340.93, suggesting a bullish move toward previous highs.Stop Loss (SL): Set just below 3,250.56, indicating a cutoff in case the price declines.Observations:Bullish Setup: The price has bounced from a recent low and shows a possible reversal pattern. This is further supported by the expected upward trajectory.Risk/Reward Ratio: Visually, the TP zone is significantly larger than the SL zone, indicating a favorable risk/reward setup.Market Context: The chart shows recent volatility with sharp moves, so risk management is critical.Would you like help calculating the exact risk/reward ratio or analyzing whether this is a high-probability setup based on technical indicators or patterns?ACTIVE TRADE