Technical analysis by FXOpen about Symbol PAXG on 8/27/2025

Market Analysis: Gold Prices Climbs Again Gold price climbed again and traded above $3,350. Important Takeaways for Gold Price Analysis Today - Gold price started a steady increase from $3,310 against the US Dollar. - A key bullish trend line is forming with support at $3,378 on the hourly chart of gold. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price found support near $3,310. The price remained in a bullish zone and started a strong increase above $3,330. There was a decent move above the 50-hour simple moving average and $3,350. The bulls pushed the price above the $3,365 and $3,378 resistance levels. Finally, the price climbed as high as $3,395 before there was a pullback. The price tested the 23.6% Fib retracement level of the upward move from the $3,321 swing low to the $3,395 high, and the RSI declined below 50. Initial support on the downside is near $3,378 and the 50-hour simple moving average. The first major support is near the 50% Fib retracement at $3,358. If there is a downside break below $3,358, the price might decline further. In the stated case, the price might drop toward $3,350. Any more losses might push the price toward $3,310. Immediate resistance is near the $3,395 level. The next major hurdle for the bulls is $3,400. An upside break above $3,400 could send Gold price toward $3,420. Any more gains may perhaps set the pace for an increase toward $3,450. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.