Technical analysis by RSI_Trading_point about Symbol PAXG: Buy recommendation (11/7/2025)

XAU/USD (Gold Spot vs. USD) on the 2-hour timeframe. From what’s visible: My drawn a descending trendline that has been broken upward, suggesting a potential bullish breakout. There’s also a triangle pattern (descending wedge) visible. My chart already labels a “Target Point” marked around the $4,175 level (based on the y-axis on the right). 🎯 Approximate Target: $4,175 – $4,180 USD per ounce This target seems derived from the height of the wedge projected from the breakout point, which is a common method in technical analysis. ⚙ Quick reasoning: Breakout confirmation: Price has broken above the trendline and the Ichimoku cloud. Retest area: Around $3,980 – $4,000, which might act as support if price pulls back. Upside target projection: Matches the wedge height projected upwards → ≈ $4,175.active