Technical analysis by professionaltrading70018 about Symbol PAXG: Buy recommendation (10/17/2025)

Hello TradingView Community, This post outlines a bullish continuation strategy on the Gold Spot / U.S. Dollar (XAUUSD) pair, based on the 15-minute timeframe. The chart illustrates a method of systematically adding to a long position, or "pyramiding," in a strong uptrend. Technical Analysis: The chart is in a powerful uptrend, characterized by a clear series of higher highs and higher lows. The strategy employed here is to identify key horizontal resistance levels, wait for a decisive breakout, and then enter a long position on the retest of that former resistance as new support. We can see this "break and retest" pattern has been successfully applied at multiple levels, with each breakout providing a new opportunity to enter or add to a long position. Current Trade Setup: The most recent setup is based on the breakout above the $4,278.56 level. The price has pushed above this former resistance, and the idea is to look for another long entry on a pullback to this new support zone, continuing the established pattern. The latest long position tool on the chart visualizes this trade plan: Entry: Approximately $4,278.56 (at the retest of the new support). Stop Loss: $4,235.87 (placed below the key support structure to invalidate the idea if the level fails to hold). Take Profit: $4,410.93 (targeting a new higher high in the trend). This setup provides a structured way to continue capitalizing on the existing bullish momentum by scaling into the trend at logical technical points. 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.