Technical analysis by NovaFX23 about Symbol PAXG: Buy recommendation (3/12/2025)

📈Gold has been consolidating for more than a week, trading within a broad horizontal range on the 4-hour chart. Following today's release of US fundamentals, the market is showing bullish momentum. A breakout above the range's resistance indicates that the accumulation phase may be complete, opening the door for further upside potential. The next target to watch is the 2950 resistance level.