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

Gold has encountered strong resistance and excessive pressure from bears. Before continuing its growth, the price may test the local trend support or the support zone of 3371–3358. Scenario: bullish trend, but the price lacks the potential and consolidation to overcome resistance at 3400-3410. In this case, MM may form a trap to collect liquidity, such as a false breakdown of support, and only then move up.