Technical analysis by Forex_Vip_Signals about Symbol PAXG: Sell recommendation (7/21/2025)

technical analysis of XAUUSD (Gold Spot vs. US Dollar) on the 15-minute timeframe using support and resistance levels, with projected price movements annotated. Key Levels: Support Zone: Around 3350 USD (labeled as "Support 3350") Resistance Zones: Minor resistance: Around 3380.18 USD Major resistance: Around 3390.77 USD Target: 3390 USD, highlighted as the ultimate bullish goal. Current Price: Price at the time of analysis: ~3368.30 USD Analysis Summary: 1. Support Retest Scenario: Price may pull back to the 3350 support zone. If this support holds, a bullish reversal is expected. The anticipated move is a rebound back toward the resistance zone at 3380, and possibly to the target at 3390. 2. Immediate Bullish Continuation: Alternatively, price could continue upwards from the current level without revisiting support. Resistance around 3380 may act as a minor barrier. If broken, the price could reach the target at 3390. 3. Bearish Risk: If 3350 fails to hold as support, further downside may occur, invalidating the bullish setup. Strategy Implication: Buy positions could be considered on a successful retest and bounce at 3350. Take-profits might be set near 3380 and 3390. Traders should watch for price action confirmation at key levels before entering trades. This is a classic support-resistance trading setup with short-term bullish bias aiming for a breakout toward higher resistance levels