Technical analysis by Trade_Hive_Signals about Symbol PAXG: Buy recommendation (8/7/2025)

Technical picture Bullish momentum is strengthening: US jobs shortage has caused an influx into safe havens, which has contributed to gold's growth A reversal signal is forming: a bounce from the lower line of Bollinger Bands is observed, and a bullish cross of EMA-8 and EMA-21 is also forming, plus a moderately positive MACD - a classic "buy on dip" entry pattern Key levels: Support: around $3,330 - a support zone coinciding with the 21- and 50-day SMAs. Below — potential for decline to $3,297-$3,283 Resistance: $3,380 — resistance, breakout of which could open the way to $3,440-$3,450 Structural pattern: breakout from triangle to the downside could signal a deeper correction Industry consensus: Citi has revised its target range up to $3,300-$3,600 in the next three months, based on a weak US economy and rising geo-risk Meanwhile, HSBC warns of possible weakness — forecast for 2025-2026 from $3,215 to $2,350 in a more bearish scenario