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

By analyzing the gold chart on the 4-hour timeframe, we can see that after our last analysis, gold continued its correction and dropped to $3358. It’s currently trading around $3367, and for the bullish scenario to remain valid, we need to see price hold above $3358 and soon close above $3370. If this happens, another bullish move could follow. Otherwise, if gold breaks and stabilizes below $3358, this scenario will be invalidated, and the alternative outlook suggests further downside toward $3349 and $3339. This analysis will be updated — and don’t forget to show your support, friends! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman ShabanBy analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from yesterday’s analysis, gold found support above the key level and rallied from $3372 to $3398. Upon reaching this critical zone, it faced heavy selling pressure and dropped back down to $3371. Now trading around $3385, if gold holds above $3372, we could see another push toward the next target at $3399. Since the sharp drop we anticipated around $3399 already occurred slightly earlier at $3398, we may not see the same strong rejection again — but the $3399–$3406 supply zone remains important and should still be watched closely. New trade setups will be posted soon — stay tuned, friends!