Technical analysis by SupertradeOfficial about Symbol PAXG: Buy recommendation (7/29/2025)

Looking at the 4H chart of XAUUSD, the price appears to be stabilizing after a period of decline, with selling pressure showing signs of exhaustion. The recent candles have smaller bodies, reflecting indecision from sellers and potential accumulation from buyers. Price is holding above the key horizontal support zone around 3,307–3,324, an area that has acted as a strong demand zone in the past. Each time the market dipped into this region, buyers stepped in, which gives the current structure a bullish undertone. The EMA from your CM EMA TrendBars indicator has flattened out after a downward slope, suggesting that bearish momentum is losing strength. Price is also attempting to retest above this EMA, which, if achieved and maintained, could trigger further buying interest. This aligns with a possible short-term double-bottom pattern forming around 3,307, a common reversal setup if confirmed by a break above nearby resistance levels. On the broader scale, gold has been in an overall macro uptrend for months. This recent weakness on the 4H chart could simply be a corrective pullback before another leg higher, rather than the start of a prolonged downtrend. If bulls can reclaim the EMA and hold above 3,348, the upside potential opens toward the 3,360 area and potentially higher. Trading Setup •Entry: Around 3,324.90 •Target: 3,360.89 (+1.10% / +36.4 USD) •Stop Loss: 3,307.75 (-0.50% / -16.7 USD) •Risk-to-Reward Ratio: ≈ 2.18 This setup offers more than double the potential reward compared to the risk, which fits well with a bullish bias. A decisive close above the EMA would serve as further confirmation for the trade.