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

It can make gold correction and then continue its rise. Hello investors, I want to share my views on gold with you. The price market is currently in a balance in the case of a balance and a significant rise from the last bottom levels near the 3310 recipient region is consolidated in a large symmetrical triangle. This return has invalidated the previous decline trend, and since then, the price has forced a balance period characterized by the narrowing of the volatility between a descending resistance line and a rising line of support. The price is systematically rotating in this structure, and the seller area around the 3390 resistance level constantly rejects rise attempts. Currently, the asset is approaching the critical rising support line of the triangle for an important test, experiencing another downward correction. The primary study hypothesis is a long -term scenario based on the expectation that buyers will once again defend this dynamic support and maintain the integrity of the consolidation model. Confirmed from this support line and a strong leap will point to the beginning of another large upward return in the triangle. Therefore, for this long -term idea, the TP is strategically placed to 3390.