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

https://sahmeto.com/message/3735808
ActuaryJ
ActuaryJ
Rank: 162
3.4
Buy،Technical،ActuaryJ

Gold Support and Resistance Levels: Daily Chart Resistance: 3405, Support: 3320 4-Hour Chart Resistance: 3386, Support: 3350 1-Hour Chart Resistance: 3380, Support: 3368. Gold is currently within the triangle range and must break through to expand. So far, it has not been able to break through effectively, but today's Asian market news has caused some movement in gold. We will have to see how this holds. In addition, today's rapid decline in the Asian market coincided with the 3350-3355 range, the support area mentioned yesterday. The rebound indicates that support is valid. Thus, as long as gold doesn't break below key support today, it will continue to fluctuate upward. It is important to note that if gold breaks through, it will quickly reach resistance at 3390-3405. We will focus on observing the price's reaction. If resistance is encountered again, it may decline and then fluctuate upward. During the US trading session, keep an eye on data such as the July durable goods orders rate and the August Conference Board Consumer Confidence Index, which may be the main factors determining today's intraday high. BUY: 3360near BUY: 3350near

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3,360.28
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