Technical analysis by linofx1 about Symbol PAXG: Buy recommendation (8/24/2025)

linofx1

What a crazy bullish move initiated on 📈Gold on Friday, Following the Fed Chair Jerome Powell's speech on Friday, It is anticipated that this positive momentum will persist into the upcoming week. Our primary resistance level is situated within the 3400-3409 range, which is expected to be tested. Furthermore, a potential retracement from this level is possible. Should a decline occur, a bearish correction towards the 3350 level is anticipated. I will continue to monitor the market and provide further updates.Based on the hourly timeframe analysis, a robust bullish pattern has emerged for 📈GOLD. Specifically, a bullish flag formation is observed, with a confirmed candle close above the resistance level. Consequently, a continuation of the upward trend is anticipated. The projected target is 3380.