Technical analysis by SupertradeOfficial about Symbol PAXG: Buy recommendation (8/28/2025)

📊 Technical Analysis of XAUUSD (1H) Gold has been in a gradual uptrend over the last few sessions, with higher lows consistently forming. The structure suggests bullish momentum is building, especially after reclaiming the $3,378–$3,389 zone, which previously acted as resistance and has now turned into support. At present, price is trading around $3,404–$3,405, attempting to break higher. The green box on the chart indicates a long trade setup with a favorable risk-to-reward ratio. Key Observations: •Support Levels: Immediate support lies around $3,389–$3,378, followed by deeper supports at $3,352 and $3,329. These are key zones where buyers may step in if retracements occur. •Resistance Levels: The next major resistance is projected at $3,440, which is also the target zone highlighted on the chart. If bulls push past this level, momentum could extend further, though $3,440 remains the near-term cap. •Candle Structure: Price has broken above the minor consolidation range between $3,389–$3,405. If this breakout sustains, the bullish case strengthens toward $3,440. •Volume & Momentum: Recent price action shows strong breakout candles supported by follow-through. This indicates buyers are currently in control, and sellers are being absorbed at resistance levels. ________________________________________ 🟢 Bullish Trade Setup (XAUUSD 1H) •Entry Zone: Around $3,404–$3,405 (current breakout area) •Stop Loss: Below $3,389 (recent structural support) •Target 1: $3,440 (major resistance level) •Risk/Reward: Approx. 1:2 ________________________________________ 📌 Trade Management •Partial Profit Booking: At $3,440, it’s wise to secure at least 50% profits, as this is a strong resistance where sellers may re-enter. •Trailing Stop: Once price moves decisively above $3,420, adjust stop-loss to breakeven at $3,404. If the rally extends beyond $3,440, trail stops under each higher low to capture extended gains. ________________________________________ ✅ Summary XAUUSD on 1H is showing strong bullish momentum after reclaiming critical support zones. The breakout above $3,405 sets up a clean run toward $3,440. Trade management should focus on partial profit booking at resistance and using trailing stops to ride any extended move while locking in gains.