Technical analysis by KeN-WeNzEl about Symbol PAXG: Buy recommendation (6/23/2025)

KeN-WeNzEl
Trade Idea: Long XAUUSD (BUY STOP)

1️⃣ Multi-Timeframe Structure•1 Hour (Macro):•Trend: Bullish. 20 SMA is riding above the 50 SMA .•Price has broken above the prior resistance at 3374.50 and is now retesting it as support.•15 Minute (Tactical):•After a clear push down into 3340.37, price rallied back above 3374.50.•SMAs have flipped back bullish, and volume during the retest shows absorption of selling pressure.•3 Minute (Entry Precision):•Micro-green candle wicks show a small scratch of buyers stepping in just above 3374.50.•Momentum is picking up to the upside, but we want confirmation of strength before committing.⸻2️⃣ Trade Execution▶️ Entry: Buy Stop at 3379.50•Wait for a clean 3 m/15 m push above the short-term swing high (~3379) to confirm buyers are in control.✂️ Stop Loss: 3374.50•Just below the broken resistance-turned-support level.•True structural invalidation of this bullish thesis.🎯 Take Profit: 3394.50•Targets the next logical resistance cluster (round number area and prior swing highs) for ~15 pt gain.Risk-Reward ≈ 1:3 (SL = 5 pts, TP = 15 pts)⸻3️⃣ Invalidation & Expiry❌ Cancel the pending Buy Stop at 3379.50 if either:1.A full 15 m candle closes below 3374.50 before entry.2.It’s not triggered by 8:30 AM PST.