Technical analysis by AutoMarkets about Symbol PAXG on 6/23/2025

Gold remains bullish on the higher timeframes, holding a long-term ascending trendline from the daily.However, price action has respected a clear horizontal resistance zone around 3392, forming a multi-tap ceiling.On lower timeframes, we’re seeing a series of higher lows, suggesting buyers are still stepping in — but without clean breakouts, the market remains range-bound between 3345 and 3392.⸻🧠 Bias:Neutral-Bullish– Price is coiling into the triangle– A breakout above 3392 could open doors toward 3450– But if we fail to hold the rising trendline, a deeper pullback toward 3294 is likely⸻🎯 Trade Ideas:📌 Break & Retest above 3392 = bullish continuation📌 Break below trendline = short toward 3345 / 3294⸻⚠️ Key Levels to Watch:•Resistance: 3392 → 3450•Support: 3345 → 3294•Daily Trendline Support (in play)⸻💡 Gold is compressing — breakout incoming. Watch the reaction at 3392 for directional clarity.