Technical analysis by Johnson67 about Symbol PAXG: Buy recommendation (6/2/2025)

1. Price Action ZonesResistance Zone: A dark green horizontal box near the $3,460–$3,486 range. This is labeled with:HH (Higher High) — A point of reversal from an uptrendR (Resistance) — Confirming supply and prior rejectionSupport/FVG Zone (Fair Value Gap):Multiple green shaded areas suggest demand zones or price inefficiencies that could attract buy orders.One clearly marked as “FVG” (Fair Value Gap), typically used in institutional trading strategies.2. Market StructureLabeled Points:HH (Higher High) – Indicates a previously established highLH (Lower High) – Suggests a shift or weakness in bullish momentumLL (Lower Low) and HL (Higher Low) – Mark a potential change in trend or a market reversal structure3. Projected MoveThere’s a forecasted bullish move, visualized by an upward arrow:Entry Point: Around $3,226Stop-Loss: Below a key support/FVG area (~$3,180)Take-Profit: Target zone above the resistance (~$3,460)---🧠 Strategic ImplicationThis setup appears to be based on Smart Money Concepts, using institutional liquidity zones, market structure breaks, and fair value gaps to identify high-probability trade setups.Trade Bias: BullishRisk/Reward Ratio: Favorable, as the take-profit zone is significantly larger than the stop-loss buffer.Confluences: Support from previous lows, FVG fill, and potential market structure shift (LL to HL)---✅ SummaryThis XAU/USD chart reflects a professional and methodical approach to trading gold using a combination of supply-demand zones, market structure analysis, and fair value gaps. The trader is expecting a bullish continuation toward a prior resistance zone with a well-defined risk-management strategy.haha instant 400 pips wait for more 3400 soon800 pips runing in profit