Technical analysis by Thetraderscollective about Symbol PAXG on 7/7/2025

Gold is sitting on a knife’s edge as we enter the NY session.Current price action:Rejected twice at 3307 on the 4hrBroke Friday’s lowNow approaching today’s lowScenario 1 – Bearish:Clean break below current 4hr low → target: 3274 (323 pips)This is a key higher timeframe swing level, last tested in MayScenario 2 – Bullish:If we reject current lows and support forms →First target: 3307 (170 pips)Second target: 3344 (390 pips)📌 Risk is balanced — both directions offer 300+ pips. Monitor structure + volume closely.