Technical analysis by alirezak about Symbol PAXG: Buy recommendation (7/8/2025)

Dear Trader, Gold (XAUUSD) Analysis – 1H Timeframe | July 8, 2025Gold has retraced from the 3,352–3,345 resistance zone and is now forming a slight bullish consolidation (small ascending triangle). A pullback toward the 3,316–3,311 support area is possible.If price holds above this support, a bullish continuation toward 3,345 and 3,352 is likely. The 3,311 zone can act as a good potential scalp-buy area.✅ Key Levels:Resistances: 3,345 / 3,352Supports: 3,316 / 3,311Short-term trend: Bullish if support holdsRSI is at 56 — still has room for upward movement.📌 Suggested Strategy: If price pulls back to 3,311–3,316 and shows confirmation (e.g., bullish candle pattern), short-term buy entries with targets at 3,345 and 3,352 can be considered.Regards,Alireza!