Technical analysis by HurricaneFx_ about Symbol PAXG on 8/1/2025

🔔 XAUUSD 1H Analysis | August 1, 2025 Gold is currently consolidating inside a symmetrical triangle on the 1-hour timeframe. Price action has tightened, indicating a potential breakout scenario is near. Two key paths are highlighted: 🔹 Bullish Scenario: A breakout above the triangle resistance may lead to a clean push towards $3,310, and if momentum sustains, $3,334 becomes the extended upside target (liquidity zone and prior supply area). 🔹 Bearish Scenario: A breakdown below triangle support could send price toward $3,270 first. If this level fails to hold, further downside toward $3,245 is expected — a major support and demand zone. 📍 Current Price: $3,291.98 ⏳ Wait for breakout confirmation with volume and momentum before committing to direction.