Technical analysis by SheilaFowler about Symbol PAXG: Buy recommendation (6/19/2025)

XAUUSD: Did the bull trend come to an end? Otherwise, the big movement is just starting, as we mentioned before, the price may reversed between 3340 and 3350 zones, the turning point for bulls. The price is currently traded in 3376 and probably the bull movement continues towards 3400,3450 and finally reaches 3600. Following the highest level of all times on the $ 3500, it suffered a sharp decline and could not maintain this level. An important 2400 pip would cause significant losses for many accounts. Initially, it was perceived as a small correction with the expectation of more price increase. However, this assumption has been proven to be wrong. After reaching an even higher summit, the price always suffers a more significant correction.3260, due to the presence of a fair value gap, an important bull volume entered into the market. Later, the price experienced a decrease reflecting the decline tendency supporting the bears. However, the bull volume increased in 3200, which is an axial level representing a discounted price point. This strong urge to rise moved the price to 3432 and ultimately confirmed the tendency to rise. AB = CD repetitive pattern appeared weekly. When the price reached 3432 as a fair value gap, the CD pattern started. AB = CD We have determined a repetitive pattern. It looks like an equal movement in any direction and appeared exactly as predicted. We were aware that the price would reject in 3120 and acted accordingly. Currently the market is in our favor. When the market opened, it showed a positive gap and moved the price to 3450. However, then it fell to 3384. At the moment we find ourselves in the accumulation phase, we are ready for distribution. This distribution is important and potentially expected to lead to another record level that will reach 3650. Alternatively, there is the possibility of consuming the liquidity on the sales side and returning from 3360-3370. It is recommended that you use a short time zone when entering the market. It is important to remember that this analysis is only our opinion and that market conditions can deviate from expectations.