Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (6/24/2025)

SMC trading point update Technical analysis of Gold (XAU/USD) on the 30-minute timeframe, based on technical signals and price action behavior. Here's the breakdown --- Gold Bullish Reversal Setup – Targeting 3,384--- Key Technical Highlights:1. Support Zone & Price Reaction:Price has tested a strong horizontal support level (highlighted in yellow).Multiple bullish rejection wicks indicate buying pressure at this zone.The green arrows show successful support bounces, hinting at bullish intent.2. Trendline Analysis:Price bounced near the lower boundary of the falling wedge/downtrend channel.An uptrend line convergence supports potential reversal.A breakout above the short-term descending trendline is indicated.3. EMA & Target Projection:EMA 200 at 3,364.33 may act as dynamic resistance, the next short-term hurdle.Target zone projected at 3,384.04, offering a potential move of +65.67 pts (~1.98%).4. RSI Indicator:RSI(14) is oversold (~29.93), signaling a potential reversal.A bullish crossover may be forming, supporting upward momentum.---Trading Plan:Entry Zone: Near current support area around 3,325Target: 3,384Stop Loss (Suggested): Below 3,300, under support structureRisk/Reward: Favorable based on support hold and breakout projectionMr SMC Trading point --- Conclusion:This setup suggests a short-term bullish reversal from a key support area, with confirmation likely if price breaks above the descending trendline and clears the 200 EMA.Please support boost 🚀 this analysis)