Technical analysis by Mentor_Michael03 about Symbol PAXG: Buy recommendation (7/22/2025)

📈 XAUUSD Technical Analysis – Resistance Turned Support, Bullish Continuation Expected Gold (XAUUSD) has shown strong bullish momentum after breaking above the key resistance zone around $3,400, which now appears to be acting as a new support level. This structure shift signals a classic break-and-retest scenario, commonly observed in bullish continuations. 🔍 Key Observations: Structure Shift: Previous resistance near $3,400 has been broken with strong bullish candles, suggesting buyer dominance. This level is now expected to serve as support. Bullish Momentum: The move from the $3,320 support zone to above $3,430 was accompanied by clear trend formation and clean market structure, indicating sustained momentum. Retest in Progress: Price is currently pulling back toward the new support zone ($3,400). If this area holds, a bullish reaction is expected. Next Target: If support at $3,400 holds as expected, price could rally back toward the next resistance and projected target of $3,460. 📚 Educational Insight: This setup illustrates the principle of resistance becoming support (RBS)—a foundational concept in technical analysis. After a breakout, a successful retest of former resistance often provides a high-probability entry point for trend continuation trades.