Technical analysis by GoldMarketKiller about Symbol PAXG: Buy recommendation (7/18/2025)

This chart is a technical analysis for XAU/USD (Gold vs. US Dollar) on the 1-hour timeframe. It highlights a potential bullish reversal setup. Here's a breakdown and idea based on the chart --- 🧠 Trading Idea: Bullish Reversal from Support Zone 📍 Chart Insights: Support Zone: The yellow highlighted zone (~$3,170 - $3,180) has acted as a strong support level. Falling Wedge Pattern: A bullish falling wedge appears to have formed and price is breaking out. Target Level: Clearly marked around $3,375–$3,380, suggesting a possible bullish rally. Double Bottom or W Formation: The potential "W" shape indicates a trend reversal pattern. --- 🟢 Bullish Idea (Long Trade) ✅ Entry: Around $3,335–$3,330, after confirmation of wedge breakout. 🎯 Target: First Target: $3,375>3,380 🛡️ Stop Loss: 3320.00 📈 Risk-Reward Ratio: Approx. 1:2 to 1:3, depending on entry and stop. --- 🔍 Trade Management Tips: Wait for a strong bullish candle above the wedge before entry. Scale in partially if unsure; add more on confirmed upward momentum. Watch for fundamental events (e.g., Fed statements, inflation data) that may affect gold. Please Kindly support with Boost and Comments.Trade Active from 3348 to 3354 60 pips Sucessfully DoneTarget Reached Enjoy your special profit