Technical analysis by azgoldtrader about Symbol PAXG on 7/30/2025

Gold remains in a bearish structure, consolidating in a narrow range after the sharp drop earlier this week. Price is trading around 3,330, testing the 3,334 resistance zone while still below the 200MA (3,362), which may act as dynamic resistance. As long as price stays below 3,348–3,362, the bias remains to the downside, with a break below 3,309 likely exposing the 3,289–3,267 support zone. A clean reclaim above 3,334- 3,348 would neutralize the immediate downside pressure and open the path back toward 3,373–3,387. 📌 Key Levels to Watch Resistance: ‣ 3,334 ‣ 3,348 ‣ 3,362 ‣ 3,373 ‣ 3,387 Support: ‣ 3,309 ‣ 3,289 ‣ 3,267 ‣ 3,241 🔎Fundamental Focus – FOMC The FOMC rate decision and Powell’s press conference later today will be the key driver for gold. Expect sharp volatility and potential whipsaws around the release. ⚠️ Manage risk carefully, avoid chasing initial spikes, and wait for clear direction once the event dust settles.