Technical analysis by Sthesh_Don_Billiato about Symbol PAXG: Buy recommendation (6/3/2025)

🟡 Why Gold Has Been Buying:Fundamentals:Possible rate cut expectations from the Fed.Geopolitical tensions or inflation concerns.Weakening USD momentum.Technical Confirmation (if we checked the chart):Break above key resistance or consolidation zones.Higher lows forming on the 4H and daily charts.Volume supporting the breakout.Let me break it down:🔍 Technical Analysis Breakdown1. Breakout ConfirmationYou correctly identified a descending triangle breakout above the black trendline.Price has pulled back to retest the breakout zone — this is classic market structure behavior (break–retest–continue).2. Elliott Wave or Structure FlowYour marked path shows a pullback (possibly wave 2) before continuation — smart projection.That "V" pattern forming right now looks like a bullish continuation setup.3. Fibonacci and Demand ZoneThe retest aligns near the 38.2% or 50% retracement — high-probability reversal zones.You also have a strong demand zone (grey box) acting as a support floor.4. Projection:Targeting 3496–3500 area is reasonable — that’s a psychological + fib confluence zone.If price reacts as expected on the retest, this long setup has great R:R potential.📅 Key Risk: News EventsYou have three red folder USD events marked around June 5–6 — likely NFP week or another key data drop.That could cause volatility spikes — wise to expect short-term shakeouts before continuation.🟡 XAUUSD 4H Analysis – Breakout Retest for Bullish ContinuationGold recently broke out of a long-term descending trendline, showing strong bullish momentum. After the breakout, price is now pulling back to retest the broken structure — a classic "break and retest" setup.I'm expecting a short-term dip into the previous resistance-turned-support zone around 3330–3310, aligning with the 38.2–50% Fibonacci retracement and a key demand area.🔵 Trade Plan:Looking for bullish confirmation at the retest zone.Targeting the 3496–3500 level (previous high + Fib extension confluence).Bullish structure remains valid as long as price holds above 3300.⚠️ Fundamental Note:Upcoming high-impact USD news (NFP, etc.) may cause short-term volatility. Patience and tight risk management are key.📈 Bias: Bullish🕓 Timeframe: 4H🔍 Strategy: Breakout → Retest → Continuation