Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (7/18/2025)

XAUUSD rebounded off the key support near 3334, forming a higher low and breaking above the descending trendline. This breakout confirms bullish intent, supported by prior accumulation in the range and fake breakdown traps. Price is now retesting the breakout zone and is expected to launch toward 3375 and possibly higher. The structure favors a bullish continuation pattern supported by confluence of trendlines and rising momentum. 📉 Key Levels Buy trigger: Break and hold above 3350 Buy zone: 3335–3345 Target: 3375 short-term, with potential to 3400 Invalidation: Drop below 3320 support line 💡 Risks Another fake breakout followed by strong rejection Resistance at 3375 acting as a supply wall Low volume on breakout can cause reversal If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!