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

Gold(XAUUSD) touched $3,337 as I expected in my previous idea.Gold has now managed to break the Resistance lines and is trying to break the Resistance zone($3,387-$3,357).From a Classic Technical Analysis perspective, two Bullish Reversal Patterns are clearly visible on the Gold chart:Descending Broadening Wedge PatternInverse Head and Shoulders PatternAccording to Elliott Wave theory, by breaking the Resistance zone($3,387-$3,357), we can confirm the start of an impulsive wave.Also, given the increasing tension between Ukraine and Russia in recent days, there is a possibility that the price of Gold will increase due to the increased tensions.I expect Gold to start rising again after a pullback to the neckline and resistance lines, and after breaking the Resistance zone($3,387-$3,357), to rise to the target I have indicated on the chart.Note: If Gold touches $3,299[Worst Stop Loss(SL)], we should expect further declines.Note: There is a possibility of emotional movements in the chart today when Fed Chair Powell speaks.Gold Analyze ( XAUUSD ), 2-hour time frame.Be sure to follow the updated ideas.Do not forget to put a Stop loss for your positions (For every position you want to open).Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Position activated in Potential Reversal Zone(PRZ)Targets Done