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

By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from the previous analysis, the price began to rise and gained over 250 pips, reaching the $3409 supply zone. Upon hitting this key level, gold faced selling pressure and dropped more than 290 pips down to $3380. When it returned to this important level, strong buying stepped in again, and it is now trading around $3391. The total return from this analysis so far has been over 540 pips. If gold manages to hold above $3400, the next upside targets will be $3409, $3416, and $3419. Keep an eye on the $3419–$3434 zone for potential reactions. Show some strong support for this analysis, friends, and stay tuned for direct trade setups based on it! THE Previous Analysis : Best Regards , Arman ShabanBy analyzing the gold chart on the 4-hour timeframe, we can see that after our analysis a few hours ago, the price climbed from $3391 to $3402, delivering about 110 pips in returns. Interestingly, gold then consolidated around $3400 for several hours before suddenly dropping sharply to $3377. Upon hitting this key level, strong demand kicked in, pushing the price back up to $3404 in just one minute! Gold is now trading around $3398, and the focus is on where the weekly candle will finally close in the next few hours. Hope you’ve made the most of this analysis, and wishing you an amazing weekend ahead! ❤️By analyzing the gold chart on the 4-hour timeframe, we can see that today the price started its decline from $3397 and corrected down to $3344. After sweeping the liquidity below the $3350 zone, gold faced strong buying pressure and is now trading around $3358. If gold manages to hold above $3355, we can expect further upside toward levels above $3370. However, if within the next 4 hours the price dips back below $3350 and closes there, I expect a decline toward $3340 as the first target and possibly $3297 as a short-term target. This setup will take time to play out, and the analysis will be updated accordingly. Wishing us all an amazing week ahead!