Technical analysis by AutoMarkets about Symbol PAXG: Buy recommendation (8/26/2025)

Gold has returned to a key 1H supply zone after a strong bullish move from the 3,352.00 region. The first rejection was sharp, but buyers quickly reclaimed control, pushing price back into the same zone with momentum. This double-tap scenario can often lead to a breakout if bearish pressure weakens. There are two clear zones in play: •Upper supply zone (~3,385.00) – Price wicked into this level but has yet to decisively break and hold above. •Mid-range supply (~3,377.00) – Currently acting as the main area of contention. If price clears and holds above both zones with bullish candle closings, we could see continuation toward 3,390+ levels. However, failure here could send gold back down to retest the 3,352.00–3,356.00 demand zone, or even lower toward 3,311.00 where the imbalance remains. Bias: Bullish, but cautious. Watch for confirmation before entering. Key Levels: •Resistance: 3,385.00 •Support: 3,356.00, 3,311.00 •Next upside target: 3,395.00+