Technical analysis by ew_17i about Symbol PAXG on 7/16/2025

Gold is currently trading in a sideways pattern, potentially forming a triangle consolidation. This type of setup often precedes a strong breakout. At the moment, price action is showing hesitation near key resistance. Traders should wait for a confirmed breakout above the upper boundary of the triangle to validate a bullish continuation. Patience is key—wait for the breakout before taking action.