Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Buy recommendation (6/12/2025)

🔹GOLD (XAU/USD) Technical Analysis – 1H Chart▪️Market StructureGold has broken out of a consolidation phase and is now forming a clear bullish structure supported by an upward trendline. Price action shows strong momentum, with higher lows and sustained buying pressure.▪️Key Levels* Support Zone: $3,355-$3,360 This area has flipped from resistance to support after the breakout.* 1st Target Zone: $3,371-$3,375 Currently being tested as minor resistance.* Final Target Zone: $3,390-$3,405 Major resistance area; potential upside target if bullish momentum continues.▪️Outlook & ScenariosPrice is currently reacting to the 1st target zone. A successful retest of the $3,360 support could offer bullish continuation toward the $3,400 area. Alternatively, a brief consolidation before the next leg up is also possible. The upward trendline provides structural support for buyers.▪️Volume InsightVolume expansion on the breakout adds confidence to the bullish setup, indicating strong interest from buyers.▪️Bias: BullishValid above $3,360, targeting $3,390-$3,405, with trendline and support confluence strengthening the case for long opportunities.🔹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.