Technical analysis by ActuaryJ about Symbol PAXG: Buy recommendation (7/1/2025)

Gold technical analysisDaily chart resistance 3400, support 32504-hour chart resistance 3374, support 33001-hour chart resistance 3355, support 33304-hour chart bearish, but 1H chart has reversed bullish. Technically, gold formed a double bottom support near 3247 and has entered the B wave rebound, but beware of the C wave decline that may start at any time.Gold price accelerated upward after breaking through the key resistance of 3300. 3300 is the 0.50 position of the previous decline. Today's market rose slowly by 50 dollars without a callback. The bullish rally will continue at least until the second half of the NY market before a callback occurs.The risky approach is to follow the trend and buy at the current price. The safe way is to wait for the callback to around 3325~3330 before buying.BUY: 3350BUY: 3330