Technical analysis by Mentor_Michael03 about Symbol PAXG: Buy recommendation (8/12/2025)

"Gold’s Critical Bounce Zone – Is $3,400 the Next Magnet Level?" 📊 XAUUSD is showing a textbook bullish structure setup after forming a Higher Low right above strong support at $3,339. Price is now trading inside the Entry Zone ($3,348 – $3,339), an area that aligns with: ✅ Order Block Support ✅ Previous Break of Structure (BOS) ✅ Smart Money Fair Value Gap (FVG) retest 🧐 Market Structure Insight Recent BOS flipped bias to bullish after buyers pushed through prior resistance. A bullish FVG from earlier in the trend still holds influence, attracting price back for a healthy retest. The current Higher Low shows buyers stepping in early, maintaining upward momentum. Strong resistance is located at $3,400 – $3,440, which also acts as a psychological magnet for traders. 🎯 Trade Plan (Educational Example) Entry Zone: 3,348 – 3,339 📍 Stop Loss: below 3,339 🛑 Target 1: 3,380 🎯 (partial profits) Target 2: 3,400 ⭐ (main target) Extended Target: 3,420 – 3,440 💎 📈 Reward to Risk: ~1.6R to the main target, with potential 2.9R to extended resistance if momentum accelerates.