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

Gold (XAU/USD) is showing a potential bullish breakout on the 15-minute chart. Price action has broken above a descending trendline, signaling a possible reversal from the recent downtrend. A strong bullish candle has closed above the trendline and horizontal resistance near the $3,302–$3,303 area, which may now act as a support.The setup shows a favorable risk-to-reward ratio with a long position targeting around $3,354, and a stop-loss placed just below the recent breakout zone at $3,288. This indicates a bullish bias as long as price holds above the broken trendline and horizontal support.Volume appears to be increasing, supporting the strength of the breakout.⚠️ This analysis is for educational purposes only and not financial advice.actve nowhold for 5 hours