Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (7/7/2025)

SMC trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, focusing on a potential reversal from a key support/order block zone. Here's a full breakdown --- Chart Analysis – XAU/USD (1H)1. Key Zone: Support Level / Order Block (Yellow Box)The price is currently testing a strong support zone that previously acted as a bullish order block (demand area).This zone is also near a diagonal trendline and a prior breakout level, adding confluence to the setup.2. Reversal Anticipation (Black Zigzag Path)The chart suggests two possible scenarios from the support area:A bullish bounce leading price up toward:Target 1: 3,343.05 (near 200 EMA)Target 2: 3,364.62 (upper resistance)A break below the yellow support zone, triggering a deeper move toward:Key support: 3,247.553. RSI Oversold SignalRSI (14) is at 32.66, which is near oversold territory, signaling potential for a bullish reversal if buying pressure steps in.4. EMA (200 - Blue Line)EMA at 3,330.95 currently acts as dynamic resistance.If price bounces from the order block, this EMA may serve as the first reaction level before further upside.Mr SMC Trading point ---SummaryBias: Bullish bounce if price holds above 3,296.04 (order block support).Entry Zone: Current price near 3,301 or confirmation bounce candle.Targets:TP1: 3,343.05TP2: 3,364.62Invalidation: Strong break and close below 3,296.04 may open the path to 3,247.55.RSI: Favoring reversal conditions (near oversold).---Please support boost 🚀 this analysis)