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

Today’s price action on Gold presented a textbook structure shift: Break of Structure occurred after price respected the Demand Zone around the 3,315–3,320 region, showing strong buying interest and a volume spike confirming bullish intent. Price surged past the key resistance near 3,340, breaking above the 200 SMA and reclaiming a prior consolidation zone. This move invalidated recent bearish pressure and confirmed a bullish reversal. Supply Zone around 3,370 has been retested with rejection, causing a minor pullback. Price is now consolidating in a bullish flag pattern just above the 200 SMA, suggesting a potential continuation. Outlook: If price holds above the gray demand/flip zone and breaks out of the flag, we could see continuation toward the supply zone highs. RSI remains neutral, giving room for momentum to build. This is a clean example of structure-driven trading combined with zone analysis and volume confirmation. Follow GoldenZoneFX for more content and valuable insights.