Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (7/24/2025)

📊 Technical Analysis ● Fresh rejection at the blue resistance line (~3 435) pushed XAU back to the 3 355 mid-band, yet successive higher-lows (green arrows) keep price inside the May-origin rising channel. ● The pullback is probing 3 328-3 355 — confluence of the former flag roof and triangle top; holding this zone should launch another test of 3 400/3 435, with the channel crest targeting 3 500. 💡 Fundamental Analysis ● U-S S&P-Global PMIs softened, nudging 2-yr real yields to three-week lows, while cautious ECB rhetoric limits dollar gains — both supportive for gold. ✨ Summary Long 3 328-3 355; above that aims 3 400 ➜ 3 435, stretch 3 500. Invalidate on an H4 close below 3 293. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● Fifth rebound from the May-origin channel base (24 Jul) preserves the sequence of higher-lows; price is probing 3 328-3 355 where the broken wedge roof meets the main up-trend. ● A descending flag is forming; a 4 h close above 3 400 validates the pattern and projects to the 3 435 pivot, with the channel crest pointing to 3 500. 💡 Fundamental Analysis ● FXStreet consensus sees US core-PCE cooling to 0.1 % m/m on 26 Jul, extending the fall in 2-yr real yields and weakening the dollar. ● Yahoo/Metals Focus note resilient Chinese jewellery offtake in July, cushioning any dips. ✨ Summary Long 3 328-3 355; sustained trade ≥3 400 targets 3 435 ▶ 3 500. Bull view void on an H4 close <3 293. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!