Technical analysis by filatovarthur about Symbol PAXG: Buy recommendation (7/22/2025)

Gold (#XAUUSD) is surging after breaking above the 61.8% Fibonacci level, confirming strong bullish momentum! 📊 Key Observations: Price has bounced off the upper trendline, with an imbalance below, suggesting a possible small correction. The MA50 has crossed above the MA200, forming a Golden Cross – a highly bullish signal! 🎯 Trade Strategy: 🔼 Consider buying ONLY if price consolidates above 3400 & the nearest fractal. ✅ Target: 3435 (next resistance zone) ⚠️ Watch for pullbacks – the Golden Cross supports upside, but a retest of support could offer a better entry.