Technical analysis by Kenn_Nguyen about Symbol PAXG: Buy recommendation (14 hour ago)

Looking at the XAUUSD chart, I’m genuinely intrigued by what’s unfolding. Price continues to move steadily within an upward parallel channel, perfectly respecting the market structure, while we are starting to see early signs of renewed buying interest right after a strong rejection at the support zone. At the moment, I’m focusing on the area around 3,721, near the upper boundary of the channel, as a safe target. If the upward momentum continues with strength and solid volume, this could present a strategic opportunity to enter the market and ride the trend. Patience is key; I only take action when the price proves its true strength. The market may continue its strong uptrend or create a false move before a deeper correction.