Technical analysis by azgoldtrader about Symbol PAXG: Buy recommendation (7/4/2025)

azgoldtrader

In yesterday’s analysis, we highlighted that the $3,327–$3,328 support zone needed to hold for bulls to maintain momentum. Price respected that level, bouncing off intraday support and is now attempting a recovery.Currently, the 50MA is acting as dynamic resistance, and we need to see a clean break above the $3,352–$3,356 resistance zone for bulls to challenge higher levels.However, if price fails to break above this resistance cluster, we may see a pullback toward the $3,327 support once again. A break below that would likely expose price to a deeper retracement toward $3,298.📌 Key Resistance:‣ $3,352‣ $3,356‣ $3,364‣ $3,383📌 Key Support:‣ $3,328‣ $3,298‣ $3,270🧠 Fundamental Focus:With U.S. markets partially closed today, expect low liquidity and increased volatility.