Technical analysis by FXTradingAnalysis about Symbol PAXG on 7/9/2025

Gold is currently moving within a downward sloping channel, reflecting a period of controlled price movement. If the price continues to follow the channel, it may trend lower in the short term, with the next key support level seen around $3260. Alternatively, a breakout above the upper boundary of the channel may signal a shift in momentum, opening the way for further upside. Technical Levels to Watch: Support: $3260 Resistance: Channel top (watch for breakout confirmation) Outlook: Continuation within the channel suggests further downside, while a breakout could shift momentum in favor of buyers.Channel breakout confirmed, Target zone in sight.