Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (6/22/2025)

XAUUSD experienced a notable pullback this week, retreating from the $3,450 resistance zone as profit-taking emerged following the recent geopolitical rally. The market appears to be entering a healthy corrective phase after the strong upward momentum driven by Middle Eastern tensions and safe-haven demand.The 4H chart reveals gold testing the critical $3,320 support level, which coincides with the lower boundary of the established upward channel. This corrective move was anticipated after the sharp rally to the resistance area marked as "TOP" on the chart. The current price action suggests a natural retracement within the broader bullish structure.Technically, the downward trendline from the recent high is being respected, indicating the correction may continue toward the $3,240-$3,270 range before finding stronger support. The flag pattern that previously drove the rally now serves as a reference point for this pullback phase.Key levels to monitor include the $3,320 immediate support and the more substantial $3,200 level below. A decisive break below these supports could extend the correction further, while a bounce from current levels would reinforce the underlying bullish bias. The market remains within the broader upward channel, suggesting this correction is likely temporary before the next leg higher toward the resistance zone above $3,450.Traders, if you liked this idea or if you have your own opinion about it, write in the comments.XAUUSD is retracing after peaking near the upper resistance band, while holding within the broader upward channel. The recent corrective move is testing the 3,322 area, which coincides with prior weekly lows and a key structural level. A bounce from this zone may propel price toward the 3,405 resistance before targeting the 3,450 ceiling.📈 Key Levels- Buy zone: 3,320–3,330- Sell trigger: drop below 3,245- Target: 3,450- Buy trigger: reclaim of 3,405 with strong momentum💡 Risks- Failure to hold 3,322 support may lead to deeper pullback- Breakdown from the channel invalidates bullish scenario- Weak volume on bounce could stall recovery below 3,405