Technical analysis by SroshMayi about Symbol PAXG: Buy recommendation (8/21/2025)

GOLD (XAUUSD) – Technical Outlook A stronger U.S. dollar is weighing on gold, as it makes dollar-denominated commodities more expensive for international buyers and competes with gold’s safe-haven appeal. Gold is currently trading around 3341, holding just above the pivot zone (3343 / 3332). The market remains in consolidation, awaiting a decisive breakout. Bullish Scenario: As long as price trades above 3332, gold may attempt to continue its bullish move. A confirmed 1H close above 3343 would target 3365, with further extensions toward 3383 – 3401. Bearish Scenario: A move below 3332 would open the way to 3320, and a confirmed 4H close below 3320 could extend the decline toward 3285. 📍 Key Levels Pivot: 3343 Support: 3332 – 3320 – 3312 Resistance: 3365 – 3383 – 3401