Technical analysis by FirstNameHelen about Symbol PAXG: Buy recommendation (7/9/2025)

Hi folks today I'm prepared for you Gold analytics. In this chart, we can see that gold has formed a clear wedge pattern, and within it, we can also observe a smaller triangle forming. This structure reflects a narrowing price range and growing tension between buyers and sellers. After testing the upper boundary near the resistance zone at 3390 - 3410 points twice, gold started moving lower and now approaches the trend line again. This level has already held as support multiple times, and each time the price touched it, it showed a rebound with renewed buying interest. Now the price is again trading near this trend line, around the 1300s area, and a small triangle has formed inside the larger wedge. This triangle may act as a base for the next upward movement. I believe that as long as gold respects this trend line and doesn’t break below the 3250 - 3230 support zone, the probability of upward continuation remains strong. My current target is the 3390 resistance level, which aligns with the top boundary of both the wedge and the resistance zone. A breakout above the triangle may give the price enough momentum to approach this area again. That’s why I remain bullish in this situation and expect a bounce from current levels, followed by an upward move toward the resistance. If you like my analytics you may support me with your like/comment.❤️Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.