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

Hello Traders and Investors!Here is a detailed analysis of XAUUSD that may help guide your trading decisions and support the community with structured, actionable insights.Gold (XAUUSD) has shown repeated bullish reversal signals at the bottom of its recent downtrend. Initially, an Inverse Head and Shoulders pattern formed and reached its technical target successfully. After that, price action developed a Falling Wedge pattern, another bullish signal, followed once again by the formation of a second Inverse Head and Shoulders at the base of the move.On the lower timeframes, XAUUSD has now broken above the descending trendline, confirming bullish momentum. A retracement has occurred back into the neckline area of the recent Inverse Head and Shoulders, which aligns with multiple key confluences:Demand Zone and Order Block: Around 3290- 200 EMA Support: Price is holding above the 200 EMA, now acting as dynamic support- Neckline Retest: Retest of the broken neckline adds further confirmationTechnical Resistance / Target Levels:- Target 1: 3324- Target 2: 3363- Target 3: 3409- Target 4: 3438These levels correspond to previous structural resistance zones and Fibonacci extensions.Community Note:-- If this breakdown helps clarify your view on gold, feel free to share your thoughts or charts in the comments. Let’s continue to build a strong and informed trading community.-- Follow for regular market updates, pattern breakdowns, and clean technical setups.#XAUUSD #Gold #InverseHeadAndShoulders #FallingWedge #TechnicalAnalysis #ForexCommunity #PriceAction #TradingView