Technical analysis by Ahmad_Fxbeast about Symbol PAXG: Buy recommendation (5/30/2025)

This chart presents a bullish trading setup on gold (XAU/USD) based on a Fibonacci retracement strategy. It suggests a buy opportunity after a pullback.✅ Fibonacci Levels:> 0.0% (Top): $3,331 – recent swing high (used as reference)> 23.6%: $3,312 – minor resistance zone> 38.2%: $3,297 – initial pullback area> 50.0%: $3,290 – psychological mid-level> 61.8% (Golden Ratio): $3,280 – key Fibonacci support> 78.6%: $3,266 – deeper retracement support> 100% (Bottom): $3,249 – recent swing low🟪 Buy Zone (Between 50% and 61.8%):The marked BUY ZONE is between $3,290 and $3,280, aligning with the Fibonacci golden pocket.This is a high-probability reversal area, as it combines:Strong Fibonacci confluence (50%–61.8%)Prior price reaction zones (structure-based support): TP1: $3,320 – aligns with previous structure zone and 23.6% retracement.: Final Target: $3,350 – a retest of the major resistance and previous high.📌 Conclusion:This is a classic Fibonacci retracement long setup:Wait for a bullish reversal pattern (e.g., pin bar, engulfing) in the buy zone.As long as the price holds above $3,266, the bullish structure remains valid.Ideal for swing traders looking to catch a bounce off the golden ratio support.We almost achieved our TP1 3320, our setup is still valid, and we are heading towards our final target 3350.