Technical analysis by Reliable_Trading about Symbol PAXG: Buy recommendation (7/16/2025)

As expected, the gold price encountered resistance and pulled back at 3340-3345. Our decision to close the position in advance and lock in profits was very correct. Now the gold price has pulled back to around 3330, and it is very close to the support of 3328. Judging from the trend of gold prices, today's key support is at 0.5 of the Fibonacci retracement level, which is 3328, followed by yesterday's low of 3320. In other words, the 3320-3328 range would be a relatively ideal buying position. If the decline can be maintained here, the gold price will rebound again. On the contrary, if it falls below here, it is possible to continue to test a deeper bottom, perhaps 3300, or perhaps 3280. The upper resistance is mainly concentrated in 3340-3350. Only after breaking through 3350, the bullish force will be fully erupted. ✅Therefore, the trading strategy is as follows: Buy at 3320-3328 TP1:3340 TP2:3350 📣More detailed real-time trading strategies will be released on my channel. 🟢Go get it now! 👇👇👇The strategy is very correct. After the gold price hit 3320, it rebounded violently and successfully hit TP1:3340. Our long orders made another profit and ushered in 3 consecutive wins this week.The gold rebound is still continuing and has now reached the final target TP2:3350. Congratulations again to everyone, we have won a big victory today. In the article, I said that if the gold price can break through and stabilize at 3350, the bulls will usher in an outbreak, so everyone can pay close attention to the gains and losses of 3350. Once it really stabilizes at 3350, we can look for opportunities to continue to go long on gold.