Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (10/16/2025)

SMC Trading point update Technical analysis of XAU/USD (Gold) – Bullish Continuation Setup (1H Chart) Technical Overview: Instrument: Gold Spot (XAU/USD) Timeframe: 1 Hour Current Price: $4,238 Target Price: $4,303 Potential Move: +1.91% (approx. +80 points) --- Chart Analysis: 1. Key Zone (Yellow Box): This area represents a bullish order block / demand zone where price previously reacted strongly. A small Fair Value Gap (FVG) exists within this zone, suggesting that price may retrace to fill it before continuing higher. 2. Price Action: After a strong bullish impulsive move, price is currently showing a retracement back toward the order block zone. The expectation is for price to retest this support zone and form a higher low, confirming continuation of the uptrend. 3. Moving Averages: EMA 50 (Red) is above EMA 200 (Blue) → indicates a bullish trend structure. Both EMAs are pointing upward, supporting bullish momentum. 4. Projected Move: Once the retracement completes, a bullish push toward the target level at 4,303 is expected. This level aligns with previous structure highs and potential liquidity targets. --- Trading Outlook: Bias: Bullish Entry Zone: Within the highlighted yellow order block / FVG area Target Point: 4,303 Invalidation: A 1-hour candle close below the order block would weaken the bullish scenario Mr SMC Trading point --- Summary: Gold remains in a strong bullish structure, with momentum favoring further upside after a short retracement. Watching for confirmation signals (bullish engulfing, market structure shift) within the order block zone could provide a high-probability long setup. --- please support boost 🚀 this analysis