Technical analysis by Algo_Trading_Mql5 about Symbol PAXG: Buy recommendation (6/9/2025)

Algo_Trading_Mql5
XAU/USD,1h CHART PATTERN.

Based on the XAU/USD (Gold Spot vs USD) chart I'm shared (1-hour timeframe, FOREX.com), here is a clear description and target analysis:---📊 Chart Description:Market Structure:Multiple Break of Structure (BOS) and CHoCH (Change of Character) zones are marked.A recent bearish BOS confirms a short-term downtrend, followed by a potential bullish reversal from a key support zone.Support Zone:Strong buying reaction around $3,208 – $3,210, visible at the bottom yellow box. This area shows demand stepping in.Resistance Zones:First resistance/retest area: Around $3,326 – $3,340 (small consolidation + marked zone).Final target area: Around $3,369 – $3,370 (highlighted yellow box at the top).Ichimoku Cloud: Price is currently attempting to break into the cloud; a confirmed breakout above the cloud would be a bullish sign.Bullish Plan (as drawn):A retracement and push higher from the current level (around $3,323) back toward the first resistance zone, and ultimately to the upper target.---🎯 Targets:1. Short-Term Target (Reaction Zone):🔹 $3,344 – acts as a resistance/retest zone. This could be a minor TP area if price stalls.2. Main Target:🔹 $3,369 – $3,370This is the final marked target zone in the chart with an upward arrow, suggesting bullish continuation if structure holds.---✅ Summary:Bias: Bullish (if price holds above $3,208 support and breaks above $3,326 zone cleanly)Confirmation: Watch for price action around the Ichimoku cloud and BOS levels.Invalidation: A break below $3,208 would invalidate the bullish setup.Would you like me to give you a stop-loss and entry suggestion based on this analysis too?trade activetarget done almost 1000 pips