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

📊 Technical Analysis ● XAUUSD rebounded from the lower channel boundary near 3,294 and reclaimed resistance at 3,357.8, confirming bullish continuation inside the rising structure. ● Breakout above the triangle’s descending resistance line opens upside toward 3,435 and possibly 3,487 on strong momentum continuation. 💡 Fundamental Analysis ● Gold found renewed support as US NFP and ISM data showed softness, weakening the dollar and lowering real yields. ● Rising geopolitical risk and increased central bank gold buying in July continue to support bullish sentiment. ✨ Summary Long above 3,357. Target 3,435 ➜ 3,487. Setup holds while price stays above 3,294 channel base. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● XAUUSD rebounded strongly from the channel base near 3,294 and is forming higher lows within a tightening triangle, preparing for a potential breakout. ● Momentum is building toward the descending channel top and the 3,435 resistance, with buyers firmly defending each pullback near the 3,310–3,325 zone. 💡 Fundamental Analysis ● Gold is supported by lower US yields following weak JOLTS and ISM Services data, while dovish Fed expectations weigh on the dollar. ● Central banks continue to accumulate gold amid rising fiscal risks and global stagflation fears. ✨ Summary Buy above 3,310. Target 3,435 → 3,487. Setup remains valid while price holds above 3,294. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!