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

XAUUSD: Gold Bounces Strongly from the Bottom – Is This the Start of a Breakout?🌍 Macro Overview – Gold’s Movement and Market SentimentGold recently experienced a strong bounce from the 3.282 USD/oz low, reaching 3.317 USD/oz. This movement has sparked some optimism, but let’s take a look at the key macroeconomic factors that might be influencing gold:📉 US bond yields have decreased, signaling that market risk aversion is returning💵 The USD remains strong, but buying interest in gold in Asia is increasing as confidence in fiat currencies begins to wane🇪🇺 The EU is accelerating negotiations with the US on tariffs ahead of the August 1st deadline. If these talks fail, gold could benefit🏦 The Fed continues to maintain interest rates, but the market is betting on a potential rate cut in September if inflation remains controlled📊 US unemployment data and the Fed's speech tonight will be key, as the market is anxiously waiting for clues on the Fed’s next move📊 Technical Analysis – Gold Approaching Key Resistance LevelsGold is trading within a descending channel, but there are clear signs of a potential breakout after testing the lows.Key resistance levels are found around 3330 – 3340, which will be crucial for determining if gold can continue its upward movement.The Fair Value Gap (FVG) has appeared between 3310 – 3320, suggesting that if buying pressure continues, a breakout above these levels is likely.🎯 Trading Strategy for Today – Focused on Clear Entry Points🟢 BUY SCALP:Entry: 3310 – 3308SL: 3304TP: 3314 → 3318 → 3322 → 3326 → 3330🔵 BUY ZONE (safer entry points):Entry: 3290 – 3288SL: 3284TP: 3294 → 3298 → 3302 → 3306 → 3310 → 3320 → 3330🔴 SELL SCALP (if price hits resistance levels):Entry: 3335 – 3337SL: 3342TP: 3330 → 3325 → 3320 → 3315 → 3310 → 3300⚫ SELL ZONE (strong resistance at 3360-3362):Entry: 3360 – 3362SL: 3366TP: 3356 → 3352 → 3348 → 3344 → 3340 → 3336 → 3330📌 Note:Always set SL and TP appropriately to protect your account, especially in a market that might experience significant volatility today.Watch volume during London and New York sessions to gain clearer insights into market direction. If gold breaks above resistance, a strong breakout could follow.💬 Gold has bounced back strongly, but is this the start of a larger rally, or just a temporary correction? What’s your take on today’s trend? Share your thoughts in the comments below!