Technical analysis by ElodieBlairFx about Symbol PAXG on 6/17/2025

This 30-minute chart of Gold (XAU/USD) shows a clear consolidation pattern forming after a recent downtrend from the 3,450 zone. The price is currently ranging within a horizontal support-resistance box near the 3,370–3,390 area, with previous bullish momentum broken by a downward trendline.The key support zone is highlighted in yellow, suggesting a potential decision point. The two arrows indicate a possible breakout scenario:A bullish breakout back toward 3,400+ if support holdsA bearish continuation if price closes below the support zoneTraders are likely watching this zone closely for confirmation of direction, as a breakout could signal the next significant move.trade activetarget reached