Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Buy recommendation (6/2/2025)

🔹Gold (XAU/USD) – 30-Minute Chart Technical Outlook▪️Market Structure:Gold is currently showing signs of bullish continuation following a breakout above a previous resistance area, now turned RBS (Resistance Becomes Support) level near $3,308-$3,310.▪️Key Levels:* RBS Level: $3,308 (prior resistance, now acting as support)* Target Area: $3,331* Final Target: $3,351▪️Price Action Insight:After a brief consolidation, price has broken above short-term resistance and is retesting the RBS level, confirming it as new support. Bullish momentum is indicated by the rising volume during the breakout phase and a strong bullish candle retesting support.▪️Trade Bias:* Bullish Bias: As long as price holds above the RBS zone, continuation toward the target area at $3,331 is likely.* If momentum sustains, final target at $3,351 remains in sight.* A breakdown below the RBS level would invalidate this bullish setup and suggest reevaluation.▪️Conclusion:The current structure favors buyers, with confirmation of support at the RBS level providing a potential low-risk entry for a long position. Targets are clearly defined, with favorable risk-to-reward as long as price sustains above the breakout zone.🔹Community Insight:If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.▪️Follow for regular updates and trade setups.