Technical analysis by Rich_From_Home about Symbol PAXG: Buy recommendation (7/23/2025)

Technical analysis of the XAU/USD (Gold) on the 15-minute timeframe. We are seeing a classic bullish reversal pattern that could offer a solid long opportunity. The Pattern: Inverted Head and Shoulders (IH&S) As highlighted on the chart, an Inverted Head and Shoulders pattern has clearly formed. Left Shoulder: The initial dip and recovery. Head: A lower dip, marking the potential bottom of the recent downtrend. Right Shoulder: A higher low, indicating that sellers are losing strength and buyers are stepping in at higher prices. This pattern signals a potential shift in market sentiment from bearish to bullish. Confirmation and Trade Setup The key to confirming this pattern is the neckline, which has been acting as a significant resistance level. We have now seen a decisive candle break and close above this neckline, providing the confirmation we need to consider a long position. Here is the trade idea based on the chart: Entry: A long position is initiated right after the breakout of the neckline, around the 3,428.542 level. A potential entry could also be on a retest of this broken neckline, which would now act as support. Stop Loss (SL): To manage risk, the stop loss is placed below the low of the Right Shoulder at 3,419.498. A move below this level would invalidate the bullish pattern. Take Profit (TP): The profit target is determined by measuring the height from the Head to the neckline and projecting it upwards from the breakout point. Primary Target (TP1): 3,445.548. This target also aligns well with the '2' Fibonacci extension level, adding extra confluence to the trade. Risk/Reward Ratio: This setup offers a favorable Risk/Reward ratio of approximately 1.88, making it an attractive trade from a risk management perspective. Additional Confluence Moving Averages: The price is now trading above the key moving averages, which are beginning to curl upwards, suggesting building bullish momentum. Stochastic Oscillator: While the Stochastic is in the upper region, in a strong bullish move, it can remain overbought for an extended period. Conclusion The confirmed breakout from the Inverted Head and Shoulders pattern on the 15M chart presents a compelling bullish setup for XAU/USD. The defined entry, stop, and target levels provide a clear and actionable trade plan.invalid market manipulation, we cant get good confirmation for this move