Technical analysis by ALLEYPROFESSIONALS about Symbol PAXG: Buy recommendation (6/18/2025)

Overview: This chart shows the price action of Gold (XAU/USD) on a 1-hour timeframe. Key support and resistance areas are identified, along with potential trade setups based on price action.Key Levels:Resistance Zone (3422-3423):This is a critical resistance area. Price has struggled to break above this level, and a breakout could signal a continuation of bullish momentum. A rejection here may lead to a potential reversal.Support Zone (3366-3367):The support zone has held strong in previous price action. If price revisits this level and holds, there could be a potential buying opportunity. A break below this level could open the door for further downside.Target Area (3470):The potential target for upward price movement is around the 3470 level. This is a key area to watch for profit-taking or reversal signs once reached.Technical Indicators:BOS (Break of Structure):The chart indicates a potential break of structure to the upside, suggesting that the bearish trend may be weakening and a bullish trend could be forming. Confirmation of this break is key for trade validation.ChCh (Change of Character):A change of character is observed, signaling a shift in market behavior. Watch for price action around this level to determine the next direction.Trade Setup: Watch for price to either reject resistance (3422-3423) for a potential short setup or break above it for a bullish continuation toward the target at 3470. If price hits support (3366-3367), consider potential long positions with proper risk management.Must Boost & Comments .