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

Gold closed the week strong, printing a large bullish daily candle. On the surface, it looks like momentum is ready to push us toward the all-time highs around $3,500. But here’s the tricky part, as always in trading… The volume delta on that candle is massively negative. That means heavy selling pressure came in while price was still moving up. So, what’s going on? Two possible scenarios for next week: 1.Absorption (Bullish Case) Large players are absorbing aggressive sellers, keeping price pinned at the highs. If that’s true, Monday could open with a gap up and follow-through toward new ATH. 2.Distribution (Bearish Case) The big boys are unloading positions into eager late buyers. A gap up that’s quickly sold into or a gap down from Monday’s open could signal a deeper retrace back to the $3,300 area. Key Levels to Watch: $3,400 → Break & hold = ATH in sight. $3,380 → Break & hold = distribution in sight. $3,300 → Possible downside target if distribution confirmed. Monday’s open is critical. The chart tells us there was massive orders on Friday and whichever positions they build up in Friday's range will show next week. And that could decide the trend for the rest of August. As always trade safely peeps!!Tokyo gave us an entry early on at the break of 3392 on LTF for our Daily scalp (250 pips). Hopefully you paid attention in the chaos of the minds section and caught some of that leg down. We also broke below 3380 and price is holding so far (2 hours pre-Europe). Everything indicate that Friday was indeed a distribution phase. Let's see how Europe develop it further OR not. I am most likely done for the day, as you know I don't swing Goldie. BUT if the mark down phase is confirmed with Europe so $3300 will become a very real target. As always be safe with your trades!!Europe has continue the mark down phase as anticipated. We seem to have find support around 3350 after a drop from 3400 area at this morning opening session in Sydney. Price might retrace during New York before resuming the move down to $3300. OR we found the bottom of the reversal move up. If you followed me along you know that I am no longer in the trade. Trade safely!!Still on its way down to $3300...I'll publish a new idea IF it reach $3300.