Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (8/7/2025)

Gold is currently undergoing a correction on the buy side, with price action suggesting the potential for further upside. The market is showing bullish momentum amid rising global uncertainty. Dovish Fed Expectations: Increasing speculation around potential Fed rate cuts, along with discussions about leadership changes (including the possible replacement of Kugler and Powell), is contributing to a more accommodative outlook. Geopolitical & Trade Tensions: Continued escalation of global trade conflicts is boosting demand for safe-haven assets like gold, adding to bullish pressure. If the price holds above the 3370–3380 support zone, bullish continuation toward 3420/3440 is likely in the short term. You May find more details in the chart. Ps; Support with like and comments for better analysis