Technical analysis by POLARMARKET about Symbol PAXG on 8/14/2025

Gold is consolidating in a symmetrical triangle around USD 3,358, holding above the rising trendline from late July. Price is testing the USD 3,364 area, which aligns with short-term resistance. Technical Bias: 1. As long as price holds above USD 3,341 and the triangle’s lower boundary, the bias leans bullish toward USD 3,370 – USD 3,385. 2. A clean break below USD 3,341 would invalidate the bullish setup and open the door to USD 3,320 – USD 3,300. Trading Plan: 1. Buy Setup: On a breakout above USD 3,366 – USD 3,370 with strong momentum, targeting USD 3,385 and potentially USD 3,400. 2. Sell Setup: If the price breaks below USD 3,341, short toward USD 3,320. Catalyst: The US PPI release will likely dictate the breakout direction, softer data could push gold higher, while stronger data may trigger selling pressure.