Technical analysis by mohamad-alhelwani about Symbol PAXG on 7/23/2025

📌 Gold Gold analysis and expectations - July 23, 2025 - Mohammed Al -Halawani 🔱 Technical analysis: Current price: 3425.94 Gold completed its ascension after breaking the symmetrical triangular model (white) and a clear penetration of the rising trend line (blue). Recent trading settled above the level of 3423, a current support area. The upward trend is still standing, and is supported by closing candles above the upward new trend line (light blue). There is a strong resistance area between 3451 - 3480, followed by a possible golden goal at 3500+ (green expectation). On the other side, breaking the level of 3423 may open the door to correct about 3403 and then 3389. The negative scenario (in red line) explains a gradual downfall if the direction and support line is broken, with a possible targeting around 3292 - 3280. Possible scenarios: ✅ Positive scenario (green): Stability is above 3423. The rising route is strengthened about 3451 and then 3500. Cautious (orange) scenario: accidental fluctuation between 3423 and 3450 with limited correction before launching. ❌ The negative scenario (red): breaking 3423, then 3403, pushing towards a gradually dirt path, about 3300, then 3280. 📌 Auxiliary indicators: RSI Divergence (-3.86) → Warning of poor momentum in the short term. Larsi in the areas of Sabbath, calling for a possible reflection signals. 🎯 Recommendations: 🔵 Safe purchase: above 3425 with 3451 and 3500 goals, stop loss below 3400. 🔴 Safe sale: with a clear fracture of the 3403 level with 3380 - 3300 - 3280 goals. 📅 Note: Please pay attention to the upcoming events referred to on the chart (the symbols of the economic memorial), which may suddenly affect the movement of gold. ⚠️ Warning: Trading in the markets carries high risks. Strict capital management is the key to survival and control.