Technical analysis by Greenfireforex about Symbol PAXG: Buy recommendation (7/3/2025)

🚨 Gold (XAUUSD) Technical Analysis – 3H ChartGold is currently forming a classic contracting triangle pattern (ABCDE), with wave (e) in progress. Price is bouncing from a strong buyers’ zone near 3269.60, showing signs of upward pressure.📊 Current Structure:Wave count: (a)-(b)-(c)-(d)-(e)Consolidation within a symmetrical triangleKey support: 3269.60Resistance zone to watch: 3408.00📈 Potential Scenario:If price holds above the buyer’s zone, we can expect a bullish wave (e) push towards the upper trendline at 3408, potentially leading to a breakout continuation.📍 Trade Plan (Educational Purpose):Long Setup Valid Above: 3269.60Target: 3408.00Stop Loss (SL): Below 3260 (based on your risk profile)---🧠 Why This Matters?This triangle setup often leads to strong breakout moves, especially in commodities like gold during fundamental uncertainty or dollar index shifts. The market is compressing — be prepared for the breakout move.---📢 Follow for more clean Elliott Wave + Price Action setups!💬 Drop your analysis in the comments. Let’s grow together!