Technical analysis by Jameshead007 about Symbol PAXG: Buy recommendation (10/5/2025)

Chart Analysis – XAU/USD (Gold Spot) The chart shows Gold (XAU/USD) on the 1-hour timeframe, moving within an ascending channel structure. 🔍 Technical Overview Trend: Bullish trend, price respecting higher highs and higher lows. EMA (70): Acts as dynamic support — price bouncing from it multiple times. Demand Zone: Around 3,834–3,855, where buyers previously entered, indicating strong buying pressure. Resistance Zone: Near 3,887–3,900, where sellers previously reacted. Target Point: 3,937.889, a potential upside level if bullish momentum continues. 📈 Strategies Used 1. Trendline Strategy: Upward channel confirms bullish momentum. 2. Support & Resistance: Price currently testing resistance; next retracement expected toward demand before breakout. 3. EMA Strategy: EMA supports continuation of trend; bullish confirmation above it. 4. Supply & Demand: Buy entries favored near demand zone, profit targets at or near resistance. 5. Breakout Strategy: A breakout above resistance zone can push price to the target point (3,937.889). 6. Risk Management: Stop-loss below 3,834 to protect against false breakdowns.hit our target enjoy your special brofits with us and send me feedback