Technical analysis by AbdullahTech about Symbol PAXG: Buy recommendation (10/29/2025)

Long XAUUSD Trading Position on 4H timeframe Take Profit: 2300.00 SL: 3,886.5 Opportunity of +3,700 Point 🔎 Chart Breakdown Elliott Wave Context: After the 5-wave impulse, the structure suggests a potential A–B–C correction forming. Trendlines: Price is currently respecting the long-term ascending support (yellow lines), just newly above the trending channel (red). Entry Zone: A possible entry has been identified near the lower boundary of the channel, where risk-to-reward is more favourable. Risk Management: The red zone highlights the invalidation level — if price breaks and closed below, the setup is no longer valid. Target Projection: A breakout from the channel could trigger a move toward the green zone, aligning with the Take Profit (TP) level, which is inside the last 4H FVG 📊 Trading Plan Bias: Short-term correction before resumption of trend. Entry: Near support / channel bottom. Stop-Loss: Below the invalidation zone. Take Profit: Toward the upper resistance / green target zone. ⚠️ Note This is a technical outlook based on my POV to the chart, Elliott Wave structure and support/resistance confluence. Always manage risk carefully and adapt if market conditions change I would be grateful to get your feedback on this idea if you have any opinions to share. ✽ Improve your awareness to seek a great analysis ⌁↝✔ AbdullahTech ♾Description Correction: TP = 4,300.00Orange rectangle : **FVG, mistakenly written as OB🔐 Secure trade by dragging SL into opening point!🔐Secure trade at 3,985Closed manually @ 4,000 🏆 737.6 Point TP achieved