Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (12/14/2025)

SMC Trading Point Technical analysis of Gold (XAUUSD) 1-hour chart shows a bullish "SMC" (Smart Money Concept) analysis with these key points: 1. Structure: Price breaks out of an ascending channel and forms a consolidation zone (blue shaded area). The breakout suggests potential continuation upward. 2. EMAs - EMA(200) is at 4,222.79. - EMA(50) is at 4,270.71. - Price (4,299.91) is above both EMAs, indicating bullish momentum. 3. Fibonacci levels: - 0.62, 0.705, and 0.79 retracement zones are marked for potential support. 4. Entry: Long position considered after breakout above the consolidation, with price aiming for the "target point" around 4,355.40. Mr SMC Trading Point 5. Target: Upside target set at ~4,355.40, offering roughly a 1.3% move from current price. 6. Stop Loss: Place below the support zone (near 4,270 or EMA 50) to manage risk. 7. Confirmation: Look for strong bullish candles or volume spike post-breakout to validate the move. Please support boost this analysis