Technical analysis by VasilyTrader about Symbol PAXG: Buy recommendation (9/3/2025)

In this article, I will show you a powerful chart setup for profitable trend following trading Gold. I will break down how it works with examples. Here is how this price model looks: It is based on 5 important conditions that should be strictly met. 1 - Gold should trade in a global bullish trend. The price should consistently update Higher Highs HH and Higher Lows HL. 2 - Higher Lows should respect a rising trend line, acting as a support. It should be respected by at least 3 consequent bullish movements from that. 3 - After a formation of a high above a trend line, the price should start a correctional movement in a minor trend in a bullish flag pattern. It can be a horizontal, parallel or expanding channel. 4 - Correcting, Gold should test a major rising trend line, being within a flag. 5 - A bullish movement should initiate after a trend line test and the price should break and close above a resistance line of a flag. When all these 5 conditions are met, we can expect a bullish movement on Gold at least to a level of a current high from where a correction started. A broken resistance line of a flag and a major rising trend line will compose a safe zone to buy Gold from. The best time frame for this model will be a daily. Let's study a real example of such a price model on Gold chart on a daily. Examine a price chart of Gold on a daily time frame above. All 5 conditions are met, and we can anticipate a rise to the underlined red resistance. Our buy zone will be based on a broken resistance of the flag and a major rising trend line. You can see that our goal was successfully reached. Here is the proof - This price model will help you to predict strong bullish waves , trading Gold. A simple combination of a trend analysis and a price action are the 2 basic components that you need to study to identify that properly. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.Check my new educational article: