Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (8/18/2025)

DeGRAM

📊 Technical Analysis ● Price is coiling inside a large triangle (falling resistance vs. rising base). The latest rebound from the 3,323–3,330 support reclaimed the mid-range. ● A clean push through 3,365/3,374 should open 3,401, then the 3,430–3,445 resistance band. Dips into 3,335–3,345 are buyable while the rising base holds. 💡 Fundamental Analysis ● Fed-cut bets and a softer USD keep real yields pressured, underpinning gold; FXStreet and Yahoo note XAU/USD supported near 3,340 as traders eye data and rate cuts. ✨ Summary Long above 3,335; breakout >3,365/3,374 targets 3,401 → 3,430–3,445. Invalidation below 3,323. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● Price remains anchored along the rising support trendline near 3,342–3,345, forming a clean higher-low. A break above 3,366 would pave the way to 3,404, aligned with the upper triangle resistance. ● Momentum likely continues toward the descending resistance line; a sustained push above 3,404 could extend gains toward the 3,435 ceiling. 💡 Fundamental Analysis ● The gold market is bolstered by safe-haven demand as geopolitical tensions and uncertainty over the Fed’s rate-cut timeline persist. (Gold rebounds ahead of Trump-Zelenskiy summit) ● Continued investor appetite for gold stems from central banks and long-term holders—these “conviction buyers” have driven over $23 billion into gold ETFs in 2025, reinforcing structural demand. ✨ Summary Long above 3,342–3,345; breakout above 3,366 targets 3,404 → 3,435. Invalidation below 3,342. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!