Technical analysis by AIan_Gold about Symbol PAXG on 7/22/2025

Technical aspects: From the daily candlestick chart, gold has recently shown signs of breaking upward after five weeks of sideways fluctuations. In terms of MACD indicators, the MACD bar chart has turned from green to red, and the fast and slow lines have formed a "golden cross", strengthening the expectation of a short-term technical rebound. At the same time, the 14-day RSI index rebounded to 57.67, still in the neutral and strong area, and has not yet entered the overbought area, indicating that the price still has room to rise. Analysis shows that the middle track of the Bollinger Band 3342 constitutes initial support, while the strong support below is at the two previous lows of 3247.87 and 3120.64. If the bulls maintain their advantage above the integer position of 3400, they are expected to hit the high point of 3451.14 in the short term, and even further test the historical high of 3499.83; on the contrary, if they fall back below 3342, the short-term upward momentum will be tested. Bull analysis: If gold successfully stands above 3400, the market will turn its attention to the two key resistance areas of 3451 and 3499, the high point of the year. Breaking through the former will open up the space to test the historical high upward; combined with the current MACD golden cross pattern, if the capital side and the fundamentals continue to cooperate, it is not ruled out that there will be a short-term accelerated rise. Bear analysis: If the breakthrough fails, especially if gold falls back below the middle track of Bollinger, the adjustment pressure will be restarted, and the lower edge of the previous consolidation range of 3300 will constitute an important support. If it falls below again, it is necessary to pay attention to the important technical support near 3247 and the 100-day moving average of 3180.