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

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 The price has been developing within a broadening wedge formation for some time. This pattern began after the asset found strong support in the key zone around the $3305 level. Within this structure, buyers recently pushed the price upwards in a notable impulse wave. This impulse culminated in a test of the wedge's upper boundary and the resistance area near $3430. After being rejected from that resistance, the price is now in a corrective decline towards the lower trendline. I expect that this correction will find its footing on the lower boundary, leading to a rebound and a new rally towards the $3430 resistance. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.