Technical analysis by ALLEYPROFESSIONALS about Symbol PAXG: Buy recommendation (8/4/2025)

Gold is currently testing a key resistance zone at 3364.74. A clean breakout above this level could open the doors to further upside, with short-term targets at 3383 and 3405. 📈 The recent impulsive move from 3268 to 3360 shows strong bullish interest, backed by high volume and clean structure shifts. 📊 Clear signs of CHoCH (Change of Character) and Break of Structure (BOS) suggest a shift toward a bullish market phase. 🟩 Bullish Scenario: Break and hold above 3364.74 Retest and continuation toward 3383/3405 🟥 Bearish Rejection Zone: If rejected, a minor pullback toward the 3345–3350 zone could offer another long opportunity. 💡 Watch for breakout confirmation and volume spike – a failed breakout could trap late buyers. #Gold #XAUUSD #BreakoutTrade #TechnicalAnalysis #SmartMoney #VolumeProfile #Forex #PriceAction #TradingViewAs per the analysis shared from 3357 with a note that a break above the immediate resistance at 3364 could extend towards 3383 and 3405, price action followed the projected path precisely. The market reached 3408, successfully hitting all mentioned targets. This reinforces the importance of key resistance breakouts and disciplined trade planning.