Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (6/3/2025)

Direction: LongOrder Type: Buy StopEntry: 3366.50 (above recent local resistance and reclaiming structure)Stop Loss: 3352.00 (below M15/M3 structure and recent low)Take Profit: 3402.00 (previous swing high zone and just under H4 resistance)Risk-Reward Ratio: ~2.57R⸻🧠 Trade RationaleH4•Price bounced from a higher low around 3320–3330, still respecting the long-term uptrend.•Price is now reclaiming the 20/50 SMA cluster, which could act as dynamic support.•Momentum is neutral-to-positive with MACD poised for a bullish crossover.M15•Price reclaimed 20 SMA and is now curling back above the 50 SMA.•Clean bullish engulfing structure forming, indicating buyer re-entry.•RSI is mid-50s with room to expand upward.M3•Strong, steady micro uptrend forming higher lows and consolidating under resistance near 3366.•Increasing volume on upward moves, suggesting healthy interest from buyers.⸻🛡️ Risk Management & Execution•Entry confirmation: Only enter if price breaks above 3366.50 on strength — avoid premature triggers.•Invalidation Window: Trade becomes invalid if price closes below 3350 on a 15-minute candle. This would break both M3 and M15 structure.•SL to BE: Move SL to break-even after price reaches 3377 and forms a micro higher low on M3 or support-resistance flip. XAUUSD