Technical analysis by linofx1 about Symbol PAXG: Buy recommendation (8/4/2025)

Gold experienced strong bullish momentum on Friday, breaking above a minor daily resistance with a confirmed Change of Character (CHoCH), suggesting a potential continuation of bullish trend. Retesting the broken structure, the price formed a rising triangle on an hourly timeframe, with a breakout of its neckline serving as a strong intraday bullish signal. I anticipate that the bullish trend will persist, targeting 3400.