Technical analysis by Thetraderscollective about Symbol PAXG on 7/10/2025
https://sahmeto.com/message/3622737

Thetraderscollective
Rank: 17099
Analytical Power:
1.4
$XAUUSD / Gold - Thursday July 10th Outlook
Neutral
Price at Publish Time:
$3,329.06

Yesterday’s price action gave us a clean 200 pip run from the break and retest of 3308, and today we’ve already caught 140 pips using yesterday’s high (3317.17) as intraday support.But now we’re sitting at a critical inflection point.📍 Key levels:Safe Buys: Only looking to buy above Tuesday’s high of 3345.74, which gives room for a clean 200-pip move up toward last Thursday’s high.Bearish Scenario: If we fail to break that high and instead break yesterday’s high of 3316.65, we may see a sharp 340 pip drop back down to 3282.83.⚠️ Caution: The 4H bearish trendline from mid-June is still intact, and we're currently testing it. Wait for clear confirmation either way. Higher timeframes remain bullish, so we’re playing both scenarios carefully.
Source Message: TradingView