Technical analysis by Musarrat_karamat about Symbol PAXG: Buy recommendation (8/19/2025)

Overall Trend On the 4-hour timeframe, Gold is consolidating after its recent drop from 3,409 USD. Price is holding within Fibonacci retracement levels, indicating possible short-term bullish bounce. 📈 Chart Highlights Fibonacci Structure Price retraced into the 0.5 – 0.618 Fib zone (3,338 – 3,318 USD), also known as the “golden pocket.” This area acts as a potential buy zone, providing technical support. Trade Setup Entry (Buy Plan): 3,338 USD. Stop Loss (SL): 3,328 USD (below 0.618 support). Target (TP): 3,354 USD (near 0.382 Fib resistance at 3,355.35). Support & Resistance Support: 3,298 USD (Fib 0.786) and 3,267 USD (Fib 1.0). Resistance: 3,355 – 3,376 USD zone before 3,409 USD retest. 📊 Indicators RSI Divergence (14-period): Current reading: 46.92, slightly below neutral. Not yet overbought, leaving room for upside. Previous bearish divergences caused corrections, but no strong bullish divergence is printed yet. 🔑 Trading View Gold is currently at a critical retracement support zone. A bounce from 3,338 – 3,328 USD range could push price toward 3,354 – 3,376 USD. If 3,328 support fails, deeper retracement toward 3,298 – 3,267 USD may follow.