Technical analysis by AndeWave about Symbol PAXG: Buy recommendation (8/22/2025)

Gold on the chart is forming a bullish pattern: consolidation in the form of a bearish wedge forming on an uptrend. There is a high probability of a breakout from the support level of 3320-3310. The market has a lot of upside potential, as the price has been consolidating for a long time. Below is a fairly strong support zone that is capable of holding the price. However, there is one caveat: in a few hours, Powell's speech and unpredictable data could destroy the structure, in which case gold could fall to 3300-3328.