Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (6/26/2025)

SMC trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, highlighting a breakout from consolidation supported by key levels and trend structure. Here’s the detailed analysis:--- Technical Breakdown1. Key Support ZonePrice has formed a strong base around 3,315–3,325, with multiple bullish rejections (green arrows).This zone has acted as a demand level, reinforcing bullish structure.2. Ascending Trendline SupportAn uptrend line supports higher lows, showing momentum building to the upside.3. EMA 200Price is now challenging the 200 EMA (3,353.41) — a key dynamic resistance.A successful breakout and retest above this EMA will likely fuel continued bullish movement.4. Breakout & Measured Move ProjectionsThe chart indicates a bullish breakout from a consolidation box (yellow zone).Measured move targets based on the previous rally:First target: 3,368.86 (1.17%)Second target: 3,381.55 (1.75%)5. RSI ConfirmationRSI (14) is around 57, showing bullish momentum but still below overbought—supporting further upside potential.Mr SMC Trading point ---Conclusion / Idea SummaryBias: BullishEntry Zone: On pullback into 3,330–3,340 range or breakout retest above EMA 200Targets:3,368.863,381.55Invalidation: Sustained close below 3,320 and break of the uptrend line---Please support boost 🚀 this analysis)