Technical analysis by hammad69918 about Symbol PAXG: Buy recommendation (10/9/2025)

Hello TradingView Community, This post outlines a potential long trade setup for the Gold Spot / U.S. Dollar (XAUUSD) pair, based on the 15-minute timeframe. Technical Analysis: The chart is currently in a strong bullish trend, making a series of higher highs and higher lows. We can identify a key horizontal level at approximately $4,001.87. This level previously acted as a significant resistance, where the price consolidated before breaking higher. We have recently witnessed a clean breakout above this resistance, which is a strong bullish signal. The trading idea is based on the classic "resistance-turned-support" principle. We are looking for a pullback to this broken level, which is now expected to act as a new support floor. A successful retest and bounce from this area would offer a potential entry to join the prevailing uptrend. Trade Setup: The long position tool on the chart visualizes a potential trade plan for this scenario: Entry: Approximately $4,001.87 (at the retest of the new support). Stop Loss: $3,958.58 (placed below the key support structure to invalidate the idea if the level fails to hold). Take Profit: $4,123.07 (targeting a new higher high in the trend). This setup provides a structured plan with a favorable risk-to-reward ratio for a potential continuation of the bullish momentum. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered as financial advice. Trading commodities involves significant risk. Please conduct your own due diligence and manage your risk appropriately.