Technical analysis by Hosein_me about Symbol PAXG: Buy recommendation (8/3/2025)

Gold (XAU/USD) – Bullish Breakout and Key Resistance Zones Ahead Gold has recently broken out of a descending channel on the 4H timeframe, indicating a potential shift in market structure. The breakout was strong and clean, suggesting momentum is building up for further upside. Price is now approaching a series of key resistance zones, which I’ve marked as potential short-term targets: 3387.025 3406.948 – 3409.846 3421.203 As long as price holds above the breakout zone and maintains support around 3318–3330, the bullish scenario remains intact. A rejection from the 3271 demand zone also supports this move. I'll be watching price action closely near each resistance for signs of continuation or reversal. This idea is based purely on technical analysis and market structure.