Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (8/6/2025)

📊 Technical Analysis ● XAUUSD bounced off the rising channel base at 3,280 and reclaimed the mid-range of the 3,294–3,435 consolidation zone, carving out a higher low pattern. ● The price is compressing into the descending resistance, with a break above 3,400 confirming upside extension toward 3,435 and 3,500. 💡 Fundamental Analysis ● Gold demand stays firm as investors hedge against US fiscal concerns after Fitch’s downgrade, while real yields ease on softer employment revisions. ✨ Summary Buy above 3,310; break >3,400 targets 3,435 → 3,500. Setup invalid below 3,280. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● XAUUSD rebounded off key support at 3,294, forming a series of higher lows within a rising channel and retesting the neckline of a cup & handle formation. ● A confirmed breakout above 3,400 activates the bullish target at 3,435, with an extended move possible toward 3,487 channel resistance. 💡 Fundamental Analysis ● Dollar remains under pressure amid weak U.S. wage growth and rising global recession concerns, which support safe-haven flows into gold. ✨ Summary Buy above 3,310; breakout >3,400 targets 3,435 → 3,487. Invalidate below 3,294. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!