Technical analysis by jamesibartram about Symbol PAXG: Buy recommendation (8/23/2025)

🟡 GOLD – Breakout Play Setting Up 🔎 Bias: Bullish Gold is breaking out of a long consolidation phase. Weekly consolidation waves have completed, meaning an impulsive move is due. The liquidity trend is pointing higher, and demand zones are holding strongly. 📊 Technical Breakdown Weekly/Daily View (Left Chart): Price has been trapped in a weekly wedge structure, respecting both liquidity highs and lows. Wave cycle (a–e) completed, with bullish pressure building. Key Demand Zone: 3273 – 3330 held firm, rejecting sell pressure. Target Zone: 3408 (major liquidity target), aligning with wedge resistance. 4H View (Right Chart): Clear demand reaction after tapping into daily demand block. Strong impulsive move upward (Wave (1)), expecting a pullback (Wave (2)) to retest structure/support before continuation. Next projected leg higher towards 3400+, where liquidity and supply converge. 🎯 Trade Plan Entry Zone: 3330 – 3360 (wait for retracement confirmation) Target 1: 3408 (liquidity level) Target 2: 3450 (upper supply wick) Invalidation: Below 3273 (loss of demand structure) 📌 Summary Gold is shifting from consolidation into impulse. With demand holding and liquidity resting above, bulls are in control. Watching for a healthy pullback to load into longs targeting 3408+.