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

Overall Market Sentiment The bullish background remains strong: the dollar index is putting pressure on gold, while geopolitical tensions and expectations of a rate cut by the Fed are increasing demand for the safe-haven asset Direction by indicators: on Investing.com — 9 “Buy” signals against 3 “Sell” signals on moving averages and a neutral overall state Support and resistance levels Key support levels: $3,320 and $3,368–$3,340. A rebound from this zone could serve as a starting point for growth Resistance: it is important to break $3,400 — a psychological and technical barrier, above which a directional move to $3,450 and beyond will open Short-term scenario (LiteFinance): gold is testing resistance in the $3,380–$3,391 zone; a drop from there could lead to $3,330 → $3,268, and a breakout to the upside would accelerate growth to $3,493–$3,515 Union traders are noting the movement after the breakout of $3,375: possible targets are $3,390, $3,402.56 and $3,416.39. A breakout below $3,374.91 could send gold to $3,358.25, $3,350.01 and $3,341.18 1H chart analysis: Gold confidently broke through the $3,350 level, opening a bullish scenario, confirmed by macro dynamics and expectations of monetary policy easing