Technical analysis by Henrybillion about Symbol PAXG on 7/21/2025

In the July 21st trading session, gold (XAUUSD) on the H1 timeframe continues to push higher and is now testing a key resistance zone around 3,370 USD, which aligns with the 3.618 Fibonacci extension level. This zone is considered a high-probability area for profit-taking after a strong rally from the 3,308–3,310 USD support zone (aligned with the 0.5 and 0.618 Fibonacci retracement levels). The short-term bullish structure remains intact as long as price stays above the rising trendline from July 18th, with dynamic support currently sitting near 3,350 USD. From a price action perspective, the latest candles are showing upper wicks near the 3,370 resistance, suggesting early signs of selling pressure. If combined with an overbought RSI condition (often seen in such extended moves), this increases the probability of a short-term retracement. Key intraday levels to watch: – Resistance: 3,370.43 (Fibonacci 3.618 extension) – Dynamic Support: 3,350 (ascending trendline) – Major Support: 3,310 – 3,308 (Fibonacci 0.618 – 0.5) – Trend Reversal Level: 3,298.21 (recent swing low) XAUUSD Trading Strategy for Today: Primary Scenario – Short Setup near 3,370 if bearish confirmation appears: Entry: 3,370 – 3,372 Stop Loss: 3,378 Take Profit: 3,350 → 3,330 → 3,310 Alternative Scenario – Buy the dip at trendline support if bullish price action confirms: Entry: 3,350 Stop Loss: 3,340 Take Profit: 3,370 → 3,380+ In summary, gold is trading at a critical short-term resistance zone. A rejection from 3,370 could trigger a healthy correction toward support zones, while a clean breakout above it would signal strength and open the path toward 3,380–3,390. Traders should stay alert and wait for clear confirmation before entering positions. Follow for daily gold strategies and save this post if you found it useful for your trading setup.If you’d like, I can also add a version using RSI or Fib levels directly plotted. Let me know.