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

📊 **#XAUUSD – Daily Higher Time Frame Analysis** 🕵️‍♂️ On the **daily chart**, gold has consistently **failed to sustain above the 3450 zone**, with **no daily candle closing** above this key level. 📉 In fact, price has faced **rejection from 3450 nearly 5 times**, each followed by **strong selling pressure**. 🔄 However, from the **second rejection onwards**, price has been forming **higher lows**, indicating underlying **bullish structure** and is currently **respecting the daily trendline**. 📌 **Today’s H6 demand zone**, already marked in our analysis, acted as a **strong support**, triggering a bounce. This zone is part of the **daily demand area** — so **today’s daily candle close will be crucial**. --- 🔻 **Bearish Scenario**: * If price **fails to hold** and **closes below 3360**, we may enter a **bearish phase** on the higher timeframe. * Below **3360–3330**, there is **no major daily support**, so a **weekly close below 3330** could trigger a **sharp drop toward 3071–3000**. --- 🔺 **Bullish Scenario**: * On the flip side, **price is showing rejection** from support and if we get a **bullish H4 or H6 close above 3400**, we may see a move back toward **3450**. * Notably, the **3450 level has been tested 4 times**. Any level tested more than 3 times becomes **weaker**, increasing the **likelihood of a breakout** on the next attempt. 🎯 **Swing Trading Plan**: If we get a **fully bullish H4 candle close above 3400**, we will look to enter a **buy trade**. 📍 *Stop loss and target will be shared upon setup activation.* 📅 **Stay alert!** Today's daily close will set the tone for the next big move.