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

UAE_USA_GOLD_TRADERS

An inverse head and shoulders pattern has formed on the 15-minute chart of XAUUSD. The left shoulder, head, and right shoulder are clearly marked, and a breakout above the neckline has occurred with strong bullish momentum.Price has retested the breakout zone and is showing signs of support above the neckline and trendline. Volume also confirms the move, with increased buying pressure during the breakout.This setup indicates a potential bullish continuation. The trade idea includes a favorable risk-to-reward ratio, with the target zone near 3390 and stop-loss placed just below the neckline support around 3330.Technical Highlights:Pattern: Inverse Head and ShouldersNeckline Breakout ConfirmedSupport Levels: 3303, 3330Resistance/Target Zone: 3390+Volume Confirmation: PresentThis is a technical analysis idea and not financial advice. Always manage your risk.its time to trade active nowhold for 4 hours