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

XAUUSD is currently trading within an ascending channel, with price recently bouncing off the channel’s support trendline after a pullback. This recovery indicates that buyers are stepping in, maintaining the bullish structure within the channel.If the upward momentum continues, we may see a move toward 3,400 USD, which aligns with the upper boundary of the channel. This level could act as a potential short-term target before any reaction from sellers. A clear breakout above this resistance zone could open the door for further gains. However, failure to sustain this momentum might lead to another test of the lower boundary.Traders should watch for bullish confirmation signals such as higher lows, strong bullish candlesticks, or rising volume before considering long positions.If you agree with this outlook or have any additional insights, feel free to share your thoughts!I will enter my position right now, because there is a reversal signal