Technical analysis by linofx1 about Symbol PAXG on 7/2/2025

⚠️Gold closed on Tuesday, forming a bullish flag pattern on an hourly chart, indicating a market correction following a strong upward wave. A breakout above the resistance line with a candle close will likely signal a continuation of the trend, with a high probability of the price rising to at least a new higher high. However, keep in mind that the price may respect the trend line multiple times and corrections could be prolonged, which is why we depend on a reliable breakout as a trigger.