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

SMC Trading point update Technical analysis of XAU/USD (Gold) on the 1-hour timeframe. Here’s a detailed breakdown of the idea: --- Context & Structure The market has been in an uptrend, confirmed by a strong impulsive leg upward. The current pullback retraced into a key demand zone (highlighted blue box), aligning with: The 0.705 – 0.79 Fibonacci retracement zone, often a high-probability reversal area. The EMA(50) at 4,092, which provides dynamic support. --- Key Technical Elements 1. Demand Zone (Blue Box): Price has tapped into the discount area of the previous bullish move. This area is expected to attract buyers. 2. Fibonacci Confluence: The retracement aligns with the 70.5–79% zone, suggesting potential exhaustion of the pullback. 3. EMA Support: EMA(50) and EMA(200) are both trending upward, reinforcing bullish structure continuation. 4. Liquidity Sweep: The lower wick into the demand zone may represent a liquidity grab before the next bullish leg. --- Projected Scenario Expected reaction: bullish rejection from the 0.705–0.79 zone. Price is anticipated to form a short-term higher low and then continue upward. Target Point: 4,161.261 — aligns with the prior swing high / equal highs liquidity area. --- Trade Idea Summary Bias: Bullish continuation Entry Zone: 4,100–4,090 area (within blue zone) Confirmation: Bullish reversal candle or break of minor internal structure upward Target: 4,161 Invalidation: Clean break below 4,085 (below demand zone and EMAs) --- please support boost 🚀 this analysis