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

Gold shows a recent price decline after testing short-term resistance near the 3,398–3,400 range, with sellers pushing the market back toward the 3,390 zone. A long trade setup is illustrated, with an entry around current market price, a stop-loss placed near 3,382.50 to protect against downside risk, and a take-profit target near 3,405, offering a favorable risk-to-reward ratio. The price is currently retesting the entry zone after a pullback, suggesting the trade idea is based on anticipating a rebound from minor support and continuation toward the upper resistance level.