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

Gold (XAU/USD)**, showing a bullish outlook based on price action and support zones. **Chart Analysis:** * **Current Price:** \$3,359 * **EMA Signals:** * EMA 7: \$3,353 * EMA 21: \$3,345 * EMA 50: \$3,341 **Bullish EMA alignment** (short EMAs above long) signals upward momentum. * **Support Zones:** * **S1**: \~\$3,345 (strong short-term demand area) * **S2**: \~\$3,325 (deeper support zone) * **Volume:** Spikes in green bars signal strong buyer interest near support, especially during the bounce. * **Projected Move (Green Arrow):** * A potential retest of the breakout zone (\~\$3,350) could happen before gold targets the **next key resistance** near **\$3,410**. **Summary:** Gold broke above a consolidation range supported by EMA alignment and strong volume. As long as the price stays above S1 (\$3,345), the trend remains bullish with upside potential toward \$3,400–\$3,410. A pullback may occur first, offering re-entry opportunities.Gold (XAU/USD) recently **broke above the key resistance zone of \$3,355–\$3,360**, which was acting as a ceiling for price action. This breakout signaled strong bullish momentum. 🔼 **Result**: Price surged to **\$3,382**, hitting the **target zone of \$3,380–\$3,390** — exactly as projected in the bullish trade idea. This confirms the **success of the bullish scenario**. 🔍 **Technical Breakdown**: * ✅ Price held support at the EMA levels and formed a higher low. * ✅ Bullish volume increased as price approached the breakout point. * ✅ Once \$3,360 was broken, bulls took control and pushed price to the target zone. 📍**Current View**: * New support: **\$3,355** and **\$3,345**. * If price holds above this zone, **next target could be \$3,400+**. * Watch for a retest of support before the next leg up. In short, the bullish setup played out perfectly, and the market followed through as expected.Gold surged and hit $3,402, completing the bullish scenario. The breakout above $3,360 was confirmed with strong volume and follow-through, leading to a textbook technical move toward the projected target. Momentum remains bullish, but the market may now face consolidation or retracement after reaching this milestone.