Technical analysis by MR_CHARLES440 about Symbol PAXG: Buy recommendation (8/5/2025)

🟡 XAU/USD (Gold Spot vs USD) – Daily Timeframe (1D) 📍 Overview: Pair: Gold Spot / U.S. Dollar (XAU/USD) Timeframe: 1 Day (D1) Current Price: $3,379 🔹 Trendline & Price Structure: A clear upward trendline is respected by price, acting as dynamic support. After pulling back to the support area, price has bounced strongly and is now attempting a bullish continuation. 🛡️ Support Areas: 1. Upper Support Area: 📍 ~$3,320 – $3,350 Recent bounce confirms this as a valid demand zone. 2. Lower Support Area: 📍 ~$3,240 – $3,280 Stronger institutional demand; if reached again, watch for major bullish reversal. 🔼 Resistance / Target Area: Target Zone (Green Zone): 📍 ~$3,440 – $3,480 This area previously acted as supply. Expected to be tested again if bullish momentum continues.Still trade active