Technical analysis by TVS-Trader about Symbol PAXG on 7/24/2025

After a correction of about 50 prices in yesterday's session, gold is showing a necessary "breathing" in the long-term uptrend. This is a positive signal, showing that the market is accumulating before continuing its journey towards a new ATH around the 3500 area. Currently, gold prices are fluctuating within the boundary zone limited by two upper/lower trendlines - creating a clear structure of support and resistance. Avoid trading against the trend if this boundary zone is broken. 📌 Trading plan: Strategy: Prioritize BUY when price sweeps to support zone Active buy zone: 3375 (reaction price) Potential buy zone: 3363 (deep support) Target: 3431 in the immediate future → further towards 3490 Support: 3375 – 3363 Resistance: 3418 – 3431 – 3490Gold remains affered, recedes to the $3,360 zone post-ECB Gold adds to Wednesday's pullback and approaches the $3,360 region per troy ounce on the back of the decent rebound in the US Dollar and the extra recovery in US Treasury yields across the curve.