Technical analysis by ALGO_Trading_point about Symbol PAXG: Buy recommendation (8/3/2025)

Instrument: Gold Spot / USD Timeframe: 1H (1 Hour) Chart Tools Used: Ichimoku Cloud Trendline breakout Target projection (highlighted in blue arrow and price levels) Volume not shown directly but momentum is clear from breakout --- 💹 Buy Setup Analysis ✳ Current Price: $3,362.895 🔼 Entry (Buy): Around $3,363.590 (as marked on the chart) 🎯 Targets: Target NumberPrice LevelApprox Gain% Move 1st Target$3,393.481~$30~0.89% 2nd Target$3,433.864~$70~2.06% 🔻 Stop-Loss (Suggested): Below Ichimoku Cloud, ideally near $3,315.860 or $3,322.672 --- 🧠 Strategy Logic The chart shows a clean bullish breakout of the trendline and Ichimoku cloud. Strong upward momentum candle confirms the breakout. Targets are based on measured move and previous resistance zones. Volume and sentiment look bullish, aligning with the breakout. A pullback to the breakout zone (~$3,340–$3,350) would be healthy for re-entry. --- 📝 Summary of Buy Setup ParameterValue Entry$3,363.590 Target 1$3,393.481 Target 2$3,433.864 Stop-Loss$3,322.672–$3,315.860 (zone below cloud) Risk-Reward~2:1 to 3:1 based on SL/TP choice