Technical analysis by Jamtara_Trader about Symbol PAXG: Buy recommendation (7/10/2025)

XAUUSD 🔍 Analysis Overview:Price has just broken above a 4H descending trendline for the first time. However, I remain cautious due to the following key observations:📌 NOTES:The broader market sentiment is still bearish due to recent tariff-related news, which often fuels risk-off behavior.Historically, the first breakout of a strong trendline often fails, trapping early buyers.This breakout is likely attracting buy-side liquidity, giving institutions an opportunity to hunt stops.My observation shows buying interest started around the 3308–3313 range, suggesting smart money accumulation and a possible trap.📉 I'm watching for a fake breakout and potential reversal targeting the liquidity zones marked below around 3307 and possibly lower.The liquidity sweep below equal lows could offer a better risk-reward setup.💡 Conclusion:If price fails to hold above this breakout and shows signs of rejection, I will be anticipating a return towards the previous demand zone for a liquidity grab.#XAUUSD #GoldAnalysis #SmartMoneyConcepts #LiquidityGrab #ForexTrading #TrendlineBreak #MarketPsychology #TradingSetup #SMC #PriceActionSorry I mentioned LONG!!!! It's for short !