Technical analysis by GoldMarketKiller about Symbol PAXG: Buy recommendation (7/21/2025)

📈 Chart Description: XAU/USD (Gold Spot USD) This chart shows a bullish price action setup for Gold against the U.S. Dollar on the 1-hour timeframe, created using. Here's a breakdown of the key elements: --- 🧩 Pattern and Trend: The chart illustrates an ascending trend starting from around July 17, indicating a strong bullish sentiment. Price is moving inside a rising parallel channel, showing consistent higher highs and higher lows. Around the current price area, the movement has paused and consolidated into a small range, forming a bullish flag or pennant pattern — a classic continuation setup. --- 📌 Key Components Highlighted: 1. Trendline Support: A diagonal support line (labelled “Trend”) helps define the lower boundary of the bullish channel. 2. Consolidation Zone: A small rectangular zone shows price compression just below a resistance area. This indicates indecision, but typically precedes a breakout when part of a larger trend. 3. Breakout Arrow: A blue upward arrow shows the expected direction of breakout — suggesting that price may break out of the consolidation and continue the upward trend. 4. Target Level (Yellow Box): The target area is marked in a bold yellow rectangle near $2,460 - $2,480. This is where the price is expected to reach after the breakout based on the measured move from the prior rally. --- 📉 Support and Resistance: Support: Rising trendline and the base of the consolidation zone. Resistance: The top of the consolidation area. Once broken, this may turn into support. --- 🎯 Trading Implication: This setup suggests a bullish continuation. Traders might look to enter long positions on a breakout above the flag/consolidation area. The target zone is around $3,460–$3,480, aligning with the height of the previous impulse wave. Please share your Thoughts about my Analysis