Technical analysis by teconlab about Symbol PAXG: Buy recommendation (6/24/2025)

Here's a structured breakdown of today's #XAUUSD (Gold) trading idea, including key levels, wave structure, and risk/reward zones for both short-term and swing traders.---🔹 Key Technical Zones (H1 & H4 Charts)Support Levels- 3,303 USD – Key support on H4; potential false breakout area - 3,324–3,327 USD – Wave 5 completion zone and high-probability buy area - 3,337–3,343 USD – Entry zone for early bullish setups - 3,340–3,345 USD – Clean long entry; targeting up to 3,450 USD Resistance Levels- 3,363–3,365 USD – Sell zone tied to wave 4/5 overlap - 3,375–3,383 USD – Mid-range resistance; key for short-term profits - 3,405–3,500 USD – Long-term bullish targets; includes ATH region ---🔹 Wave Count (H1 Structure)- Wave X – Recent sell-off ended a potential uptrend; suggests ongoing correction (WXY) - Wave Y – 5-wave drop toward 3,363–3,365 USD; acting as a short-term sell zone - Wave Z – Expected final leg down toward 3,324–3,327 USD (ideal buy zone) - Retracement Setup – Anticipated bullish retrace post-wave 5, with targets back at 3,363–3,376 USD ---🔹 Order Blocks & FVGsBuy Zones- 3,343–3,330 USD – FVG within an order block; strong bullish entry area - 3,319–3,317 USD – Deep support with short-term target at 3,349 USD Sell Zone- 3,363–3,365 USD – Key area for short setups, with targets at 3,342–3,330 USD ---🔹 Strategy & Key Takeaways1. Bullish Structure Still Intact - Rising channel remains valid on H4 - Holding 3,303 USD is critical for confirming bullish continuation 2. Trade Setup - Long entries near 3,340–3,345 USD - Target range: 3,450 USD and above - Tight stops around 3,325 USD recommended for low-risk exposure 3. Wave Completion Zones in Play - Monitor 3,324–3,327 USD (buy zone) and 3,363–3,365 USD (sell zone) for end-of-wave activity 4. Risk Management Is Key - Scale into positions - Respect intraday volatility and breakout traps