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 clear uptrend, with the price making a series of higher highs and higher lows. We can identify a key horizontal price level at approximately $4,001.87. This level previously acted as a significant resistance, where the price struggled to break through on multiple occasions. Recently, we have witnessed a decisive breakout above this resistance, which is a strong bullish signal. The price is now pulling back and testing this broken level from above. This is a classic "resistance-turned-support" pattern. The expectation is that this former resistance will now act as a new support floor, providing a base for a potential continuation of the uptrend. Trade Idea: The current price action suggests a potential long opportunity for traders who are bullish on Gold. An entry could be considered around the $4,001.87 support level, looking for a bounce to confirm buying pressure. Potential Entry: Around the $4,001.87 support zone. Potential Stop Loss: A logical placement would be below this key support structure to manage risk in case the level fails to hold. Potential Take Profit: The target could be a new higher high, continuing the prevailing bullish trend. This setup offers a structured way to participate in the uptrend, based on a clear technical level. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered as financial advice. Trading commodities involves a high level of risk. Please conduct your own research and manage your risk appropriately.