Technical analysis by TradeGod003 about Symbol PAXG: Buy recommendation (6/8/2025)

XAUUSD Bullish Outlook: Next 4 Hours Gold (XAUUSD) appears poised for further upside in the immediate 4-hour timeframe. Recent technical analysis suggests a sustained bullish momentum, with price action holding above key moving averages. While short-term corrections are always possible, the overall sentiment favors buyers. Key Observations: * Strong Support: Price is finding strong support at recent lows, indicating a solid foundation for continued upward movement. * Momentum Indicators: Momentum indicators on the 4-hour chart are either trending higher or in bullish territory, confirming buying pressure. * Potential for Breakout: Watch for a decisive break above immediate resistance levels. A successful breach could open the path to new highs. Potential Targets: Should the bullish momentum continue, we could see XAUUSD testing higher resistance levels in the coming hours. Traders should monitor price action around these zones for potential continuation or profit-taking opportunities. Important Considerations: * Economic Data/News: Be aware of any unexpected economic data releases or geopolitical developments that could impact gold prices. * USD Strength: A sudden surge in USD strength could put temporary pressure on gold. * Risk Management: Always implement proper risk management strategies, including stop-loss orders, to protect capital. This is a short-term outlook and market conditions can change rapidly. Stay vigilant and adjust your strategy accordingly. #Gold #XAUUSD #Forex #Daytrading #Metals #Bullish #TradingView #MarketAnalysis #TechnicalAnalysis #FYP