Technical analysis by elmakacho about Symbol PAXG: Buy recommendation (7/2/2025)

Hello everyone. I’m sharing a trade setup for GOLD.Gold has shown strong bullish momentum this week. Picture is simple, The setup is straightforward: I’m following the gold uptrend, targeting last week’s high.Type: Buy (Long)Entry: $3,343 (after price breaks resistance at $3,340)Stop Loss (SL): $3,328 (below the recent swing high)Take Profit (TP): $3,393 (targeting last week’s high)Risk-Reward Ratio: 1:3.3 (risking $15 to gain $50)This trade offers a high reward, low risk (1:3 risk-reward ratio). Gold shows buyers dominating and sellers weakening. Additionally, the US dollar index (DXY) is in a strong bearish trend. On higher timeframes (1W, 1D), gold’s recent move appears to be a slow correction, supporting my long position.What do you think of this gold setup? Share your thoughts in the comments! Follow for more free signals, and like if you’re taking this trade! Disclaimer: This is not financial advice. Trading involves risks. Always do your own research and manage your risk carefully.