Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (6/2/2025)

Bias: LongOrder Type: Buy StopEntry: 3392.60 (above current swing high & clean momentum continuation)Stop Loss: 3379.00 (below local support & M15 20/50 SMA)Take Profit: 3430.00Risk-Reward: ~2.7R⸻📈 Multi-Timeframe Breakdown:H4:•Structure remains bullish.•Price is breaking out of a range with a clean reclaim of both SMAs.•Momentum increasing, MACD histogram turning up, signaling trend continuation.M15:•Strong impulsive rally from ~3290s to ~3390.•Higher highs and higher lows cleanly respected.•Price consolidating at the highs—ideal for breakout continuation setups.M3:•Momentum is persistent with shallow pullbacks.•Small flag forming near 3390 = ideal for a stop entry just above.•RSI cooling off but still in bullish structure—no divergence yet.⸻🧠 Trade Logic:This is a momentum continuation play after a clean intraday impulse. The market has shown strong upside commitment across all timeframes and is now pausing in a flag/pennant above the breakout zone. A buy stop avoids chasing and only gets triggered if the market confirms with new demand.⸻🛡️ Risk Management & Execution:•Invalidation Window (SL-to-BE Zone):Move SL to breakeven once price closes above 3401 on M3 with bullish structure.→ This marks a clear micro higher high and exit from the current consolidation range.•SL Placement Justification:3379 is just below the M15 demand zone and SMA confluence—if price breaks below, momentum has failed.•Entry Execution:If the flag structure gets invalidated before entry (e.g., price dips sharply), cancel the buy stop. XAUUSDTRADE HAS PUSHED PASSED SUPPORT AT 3265 WITH A CLOSED 15MIN CANDLE SUGGESTING BULLS HAVE LOST THAT ZONE. THIS LIKLEY INDICATES A STRUCTURAL SHIFT WHICH INVALIDATES THIS BULLISH SET UP.