Technical analysis by FX_Mark0 about Symbol PAXG on 7/2/2025

Gold is currently consolidating in a tight range near the 3355–3358 zone, showing indecision ahead of a potential breakout. Based on supply and demand dynamics, here’s what to watch:---🔼 Bullish ScenarioIf the H4 candle closes above 3365, this would confirm a bullish breakout above the immediate supply zone. In that case, expect upside momentum to target key resistance levels:🎯 3385 – Minor resistance🎯 3400 – Major resistance and potential reversal zoneA confirmed breakout with strong volume could open room for a short-term bullish rally.---🔽 Bearish ScenarioOn the flip side, if the H4 candle closes below 3340, it would signal weakness and a possible rejection from the current range. This breakdown could shift the momentum to the downside, targeting the following support levels:🛑 3320 – Near-term support🛑 3300 – Critical demand zoneFailure to hold 3300 could indicate further bearish pressure in the coming sessions.XAU/USD market made moves some highs and lows During NFP News Report it touched Support level at 3320 and also moved to 3310 securing some good pips