Technical analysis by Trading-Diary_Steffen about Symbol PAXG: Buy recommendation (8/26/2025)

Supported by Trump's statement and geopolitical tensions, gold continued to rise to around 3394 and is currently fluctuating narrowly around 3390. Although the upward momentum of gold seems strong, the bulls are not resolute during the rise. Instead, they will launch an attack again after repeatedly testing the support. It is expected that the market is not highly unanimous in its agreement on the continuation of the strong bull market stimulated by the news, so the short-term volatility of gold will be exacerbated during the rise. As gold continues to rise, it is clearly under pressure in the 3400-3410 area in the short term. Moreover, the bullish sentiment of gold has obviously weakened before facing this area, so we must consider that gold may still retreat after being under pressure in the short term. Below, we should first note the short-term support area of 3385-3375. If gold fails to effectively break below this area during a pullback, it will likely retest 3400. Therefore, in short-term trading. At present, we can consider shorting gold appropriately in the 3390-3400 area. If gold retreats as expected, we will first observe the performance of gold in the 3385-3375 area. If it cannot effectively fall below this area, we can adjust the trading strategy and re-enter the long trade!Gold fell back from the 3390-3400 area to the 3385-3375 area as expected. It did not effectively fall below the 3385-3375 area in the short term. Gold is expected to rise again and hit 3400, so I have already gone long on gold according to my trading plan, and look forward to gold rising again!