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

XAUUSD – Post-FOMC Trading Plan | Key Resistance: 3308 – 3310📊 MACRO UPDATE – After the FOMC Decision:The Fed kept interest rates unchanged as expected, but the tone remained hawkish. Chairman Powell reiterated that inflation remains too high and ruled out any near-term rate cuts, signaling prolonged restrictive policy.This led to a swift rebound in the US Dollar and Treasury yields, weighing on gold. However, XAUUSD bounced back late in the session, suggesting the market is re-evaluating key technical zones post-announcement.📉 TECHNICAL ANALYSIS – H1/H4 Chart Structure:Gold remains in a corrective descending structure but is now reacting around key Fibonacci levels. The 13–34–89 EMAs provide dynamic support and resistance, and a potential double bottom has formed near the 3245–3247 zone.🧠 Two key levels to watch:3308–3310: major resistance with trendline + FVG confluence3245–3247: strong horizontal support + Fib 0.618 retracement🎯 TRADE SETUPS:🔵 BUY ZONE: 3247 – 3245Stop-Loss: 3241Take-Profit: 3251 → 3255 → 3260 → 3264 → 3270 → 3275 → 3280🔵 BUY SCALP: 3263 – 3261Stop-Loss: 3257Take-Profit: 3266 → 3270 → 3275 → 3280 → 3290 → 3300🔴 SELL SCALP: 3294 – 3296Stop-Loss: 3300Take-Profit: 3290 → 3286 → 3282 → 3278 → 3274 → 3270 → 3260🔴 SELL ZONE: 3308 – 3310Stop-Loss: 3314Take-Profit: 3304 → 3300 → 3296 → 3292 → 3288 → 3280📌 STRATEGIC OUTLOOK:Unless price breaks above 3310 with strong momentum, sellers are still in control short term. Any rejection from the resistance zone could offer clean short entries. A breakout, however, would shift sentiment and expose 3340–3360 next.Patience is key — let price react before committing to entries.