Technical analysis by FX_Jhon about Symbol PAXG on 6/18/2025

This chart is a technical analysis setup for Gold (XAU/USD) on the 1-hour timeframe, and it presents a potential long (buy) trade idea. Here's a breakdown of the key elements:---🟢 Trade Setup Summary:Entry Line: 3,384Target 1: 3,404Target 2: 3,450Stop Loss: 3,346---🔍 Analysis Details:✅ Bullish BiasThe yellow arrows and zone suggest a potential reversal/bounce around the 3,366–3,384 area.The setup implies a long position should be taken if price confirms support around 3,384.Price action is currently close to the entry line (3,385.90 at time of chart).🔴 Red Arrows: ResistanceRepeated rejections near the 3,440–3,450 zone indicate this is a strong resistance area.Hence, Target 2 (3450) lies near a critical resistance level.🟢 Green Arrows: SupportPrice has historically bouncedTARGET 1 RANNING 310 PIPS DONE