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

🔹Technical Analysis: Gold (XAU/USD) – 30-Minute Chart▪️Support and Resistance Levels▪️ Support Area: The price has shown strong buying interest near the $3,345-$3,350 zone, where price action reversed with bullish momentum.▪️ Resistance Area: Price faces significant resistance near the $3,395-$3,405 region, which acted as a previous supply zone.🔹Entry and Target▪️ Entry Level: The chart suggests an ideal buy entry around the $3,360-$3,365 level after the recent support confirmation (green arrows).▪️ Target Zone: The projected upside target is around $3,430, representing a clean break and continuation above the resistance area.▪️OutlookThe market shows a bullish structure after bouncing off the support area and breaking minor consolidation. A breakout above the resistance zone could lead to a rally towards the target zone. Traders should monitor for bullish confirmation above the resistance area for continuation.▪️Volume Observation An increase in bullish volume supports the likelihood of upward momentum, reinforcing the potential for a breakout.▪️Bias: Bullish, with confirmation above resistance.🔹Community Insight:If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.▪️Follow for regular updates and trade setups.trade running 100 pips+