Technical analysis by Mihai_Iacob about Symbol PAXG on 8/22/2025

Yesterday I wrote that after the false break and the bullish daily engulfing, Gold could reverse to the upside and the correction that started from the 3400 zone might have been finished. With this idea in mind, I went long, and the entry turned out to be a real sniper one as Gold started to rise strongly exactly after my entry, reaching once more the 3350 zone. Here, however, price action turned “boiling” and, in the end, bulls couldn’t push through decisively. After another attempt to conquer 3350 at the beginning of the Asian session, Gold failed again. During the night (my night), I decided to close my trade with +120 pips profit. It was not the outcome I expected, but still a positive one. Looking back, this decision seems correct so far since price is now back around my entry level from yesterday. ________________________________________ Where Do We Go From Here? So far, the week has no resolution. Neither bulls nor bears are in full control. However, after the repeated failure to break 3350, my outlook leans slightly bearish at this moment. •Plan: I will look to sell rallies during the day if I can find a good risk:reward setup. •Target: 3280 is the bearish objective. •Invalidation: If bulls finally manage to resolve the 3350 level, this outlook is negated. ________________________________________ Final Note: Gold has become very unpredictable these days. What is true at the time of posting could change quickly during the session. That’s why I update my analyses during the day. 👉 If you want to be notified of these updates, don’t forget to like this idea. 💬 And if you have questions, feel free to use the comment section — I will try to respond to all. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold tested yesterday's highs once more. I entered short on this rallyThis must be one of my quickest trades, sold the rally on resistance on Powell's speach, went to stop after 10 minutes:))