Technical analysis by Aria-Margot-Fx about Symbol PAXG: Buy recommendation (6/26/2025)

🟡 Gold (XAU/USD) | Rejection from Support with Potential Bullish ContinuationPublished: June 26, 2025Timeframe: 30-Minute | Broker: OANDA---🎯 SummaryGold appears to be staging a potential bullish reversal after a strong reaction off a key support zone around $3,300, with a rising channel formation and higher lows hinting at a break above short-term resistance. This could set up a test of the $3,360–$3,370 level in the near term.---📊 Technical Breakdown🔹 Support Rejection & StructurePrice action found strong demand at the $3,300–$3,310 zone (highlighted by the orange circles and green arrows).Multiple rejections from this zone indicate the presence of institutional buying or defended liquidity.The current price action respects a rising channel, forming consecutive higher lows, a bullish market structure in the short term.🔹 Resistance & Breakout PotentialPrice is approaching a key horizontal resistance at $3,355–$3,360.A clean break and hold above this level could trigger a continuation toward the next liquidity zone near $3,380+, aligning with prior consolidation (green box region).🔹 Ichimoku Cloud AnalysisThe price is testing the Kumo cloud from below.A bullish crossover and breakout above the cloud would further confirm bullish momentum.Leading Span A is flattening, suggesting a potential equilibrium shift in favor of buyers.---🧠 Strategic InsightWhat sets this chart apart is the clear confluence of signals:Structural support,Bullish channel formation,Repeated higher lows,A squeeze against resistance.This paints a scenario where smart money may be accumulating before a breakout. The anticipated move is not merely reactive — it's rooted in fractal price behavior, cloud dynamics, and accumulation logic.---📌 Trade Scenario (Not Financial Advice)Bullish Case:A breakout above $3,360, ideally with volume confirmation, opens the door for a move to $3,380–$3,390. Watch for retests of the breakout zone for potential entries.Bearish Invalidator:A close below $3,320 would invalidate the ascending channel and shift short-term sentiment back to neutral or bearish.---💡 Original PerspectiveWhile many traders focus on the breakout itself, this idea emphasizes the accumulation phase and higher-lows within a compression zone — a subtle yet powerful clue of institutional activity. This nuanced approach provides a layer of depth often overlooked in short-timeframe charts.---📣 Community Prompt🔍 What’s your view on Gold's behavior at this resistance? Are you seeing similar higher-timeframe confluence? Drop your thoughts or alternate views in the comments!