Technical analysis by TheGreedCrypto about Symbol PAXG on 7/24/2025

📈 Gold (XAUUSD) Price Prediction After Weekly Resistance Rejection After gold price touched a weekly resistance and faced a strong rejection, while the overall trend remains bullish, we can outline two potential scenarios: 🔹 Primary Scenario (Bullish Continuation) Price performs a healthy pullback to the nearest support zone (e.g., 50 EMA on H4 or previous minor support). A rejection candle forms (e.g., pin bar or bullish engulfing), indicating buyers are still in control. If the pullback holds: Price could break through the weekly resistance again And continue rallying toward the next resistance zone (e.g., $2,480 or $2,500) ✅ Confirmation: RSI remains above 50 (bullish momentum intact) No strong bearish divergence on H4/D1 Volume or open interest increases during upward moves 🔸 Alternative Scenario (Deeper Correction) If the rejection leads to weaker buying volume: Price may correct deeper toward a stronger support zone like the previous consolidation area (e.g., $2,400 or even $2,375) Possible formation of a double bottom or higher low before resuming the uptrend 📊 Trading Strategy: Buy on dip: Look for entries around key support zones, wait for bullish reversal confirmation Use trailing stop if already in a buy position, as breakouts can be sharp and quick Watch for upcoming fundamental catalysts (e.g., FOMC, CPI, US labor data) that may drive volatility