Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (8/26/2025)

Gold prices are currently consolidating within the range of 3353 to 3385, reflecting a bullish intraday sentiment, while the US dollar shows signs of consolidation. Traders remain cautiously optimistic, awaiting further cues from both the economic growth outlook and market momentum. Technical Analysis Gold remains technically supported, with potential to test the 3400 level, driven by a weakening US dollar Declining US government bond yields Expectations of a more dovish Federal Reserve policy However, the possibility of a dollar recovery, driven by stronger-than-expected US economic data or renewed trade tensions, could temporarily cap gold's upside In the short term, the direction of gold will likely depend on the balance between dovish Fed expectations and geopolitical or trade-related risks. If gold holds above the 3370/ 3365 support zone, we may see renewed bullish momentum, targeting a move toward 3400 and potentially 3405. You may find more details in the chart. Trade wisely best of Luck. Ps; Support with like and comments for better analysis.