Technical analysis by FirstNameHelen about Symbol PAXG: Buy recommendation (7/23/2025)

Hi folks today I'm prepared for you Gold analytics. If we look at the chart, the dominant feature is a strong, sustained bullish trend defined by a major ascending trend line that has repeatedly served as a reliable foundation for the price, confirming that buyers currently maintain firm control. At present, the price action is consolidating above a crucial horizontal pivot area, the support zone between 3385 and 3400. The significance of this zone is high, as it's a classic polarity point where previous resistance has flipped to become support, suggesting a concentration of buying interest. My core analysis hinges on the scenario of a brief, healthy corrective move down to retest this support zone. I believe this retest is a key market dynamic to confirm buyers' commitment. If the price dips into the 3385-3400 area and is met with a decisive rejection of lower prices, it would provide a powerful signal that the underlying bullish sentiment remains fully intact. A successful defense of this zone would be the primary trigger, creating the momentum for the next upward leg. Therefore, I have set the primary goal for this move at the 3460 level. If you like my analytics you may support me with your like/comment.❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.