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

https://sahmeto.com/message/3729190
KlejdiCuni
KlejdiCuni
Rank: 2589
2.1
،Technical،KlejdiCuni

GOLD: High-Risk Setup Ahead of Jackson Hole Gold is currently in a tricky spot. While the price action looks messy, I believe the bearish trend could continue soon. Over the past few days, gold has been forming a larger corrective pattern — mostly bearish, but not very clear. The market is now watching the Federal Reserve’s Jackson Hole event closely, especially Fed Chair Powell’s speech, for clues on future interest rate moves. From current levels, gold might rise again to retest the red zone near 3350. But there's also a risk it could drop sharply, trapping long positions from this week’s false breakout. I’m waiting more for a bearish move, though a final push higher could happen before the drop resumes. Overall, trading gold right now is very risky. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading dayPrevious analysis

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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$3,324.71
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