Technical analysis by SepidehArjmand about Symbol PAXG on 8/8/2025

📊 Gold (XAU/USD) Technical Analysis | August 8, 2025 Gold price has reached the midline of the channel in the 4H timeframe and reacted to it, forming a descending trendline afterward. 🔻 Bearish Scenario: If the price rejects from this area, the next downside targets will be: 3382.71 3375 3370 🔺 Bullish Scenario: If the descending trendline and the channel’s midline are broken decisively with confirmation, the next upside targets will be: 3413 3423 📌 Conclusion: The reaction to the channel midline and whether this zone holds or breaks will determine gold’s next move. Traders should closely watch these key levels for potential opportunities.