Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (11/5/2025)

SMC Trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, with a clean structure suggesting continuation toward the 200 EMA. Here's the idea summary: --- Analysis Idea: Bullish Continuation Setup 1. Structure Overview: Price is currently trading above the ascending trendline, showing a short-term bullish bias. The 50 EMA (3,974.93) has recently been retested and held as support. The 200 EMA (4,011.37) acts as the next resistance / target point. 2. Setup Logic: After a breakout above the 50 EMA, price is forming a retest zone (highlighted box). A bullish reaction from this zone aligns with the trendline confluence and EMA support. This suggests buyers may step in again to push price higher. 3. Entry & Target: Entry Zone: Near 3,974–3,978 (trendline + EMA confluence area). Target: 4,011 (200 EMA / key resistance). Stop Loss: Below 3,965 (below the trendline and retest box). 4. Market Psychology: Recent candles show higher lows and strong bullish momentum after rejection from previous lows. Break and retest of dynamic resistance (50 EMA) supports bullish continuation. Mr SMC Trading point --- Trade Idea Summary: Bias Entry Zone Stop Loss Target Confirmation Bullish 3,974–3,978 <3,965 4,011 Bounce from trendline or bullish candle pattern --- Pelas support boost 🚀 this analysis