Technical analysis by Anna_Wade about Symbol PAXG: Buy recommendation (6/11/2025)

Gold (XAU/USD) – 1-Hour Time Frame AnalysisGold is currently trading within an upward parallel channel on the 1-hour chart. The price has been consistently respecting both the support and resistance zones of this channel.At the moment, Gold is positioned near the lower boundary (support zone) of the channel. From this level, we anticipate a strong bullish move, potentially triggering a significant upside.Current Price: 3331Target: 3402Stop-Loss: 3312Traders may look for confirmation at the support zone before entering long positions, with favorable risk-to-reward potential.