Technical analysis by SepidehArjmand about Symbol PAXG on 7 hour ago

📊 Gold (XAU/USD) Technical Analysis – August 11, 2025 As anticipated in my previous analysis, gold dropped precisely from the midline of the channel and the descending trendline, showing a strong bearish rejection. Currently, the price is hovering near the $3,338 support. 🔹 Bullish Scenario: If this support holds and we see strong bullish confirmation candles, gold could start a rebound. The first upside target is $3,359, followed by $3,370 and $3,375, which aligns with the broken ascending pink trendline, suggesting a potential pullback retest. If this level is broken, the next target will be the descending blue trendline. 🔹 Bearish Scenario: If the $3,338 support breaks, the next key level to watch is $3,332, followed by $3,312 and finally the channel bottom support. 📌 Summary: Gold is now at a critical decision point. Watch for confirmation signals at $3,338 to determine whether we get a bullish pullback or further downside movement.