Technical analysis by Trading-Diary_Steffen about Symbol PAXG: Buy recommendation (8/14/2025)

Although the initial jobless claims and PPI data were bearish for gold, it still failed to break below 3340-3330 area. After touching 3340, it rebounded to around 3356, demonstrating that a significant amount of buying capital was still entering the gold market during the pullback, limiting the downside while also providing strong support. Although gold has experienced several setbacks in its short-term upward trend, the bullish pattern has not completely failed. It remains within an ascending triangle structure in the short term. As long as this structure remains intact, gold could potentially rebound to the 3365-3375 area, or even to the 3380-3390 area, leveraging structural support. Currently, there is a fierce game between bulls and bears in the short term for gold, which brings considerable difficulties to our short-term trading, but why do I keep insisting on going long on gold? What I want to say is that when you are uncertain in the short term, you can zoom in on the chart period and observe. In fact, the trend is clear at a glance, but there are some twists and turns in the short term! Therefore, in the short term, I still advocate seeking to go long on gold with the 3345-3335 area as support, first looking at the target 3365-3375 area. If gold breaks through this area strongly during the rebound, the upward trend can continue to around 3380.Gold started to rebound from around 3330 and has now rebounded to around 33346. Our long positions have begun to make good profits. Gold has been supported and rebounded many times near 3330. At present, there is still momentum to continue its upward trend. Let us wait patiently for gold to continue its rebound to increase our profits. If you followed my long trade strategy, I believe you made the right choice. Now let's wait and see.