Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (8/28/2025)

📊 Technical Analysis ● Gold rebounded strongly from the 3,320–3,330 support zone, breaking above the descending channel and confirming bullish takeover. ● Price is holding above 3,374 support, with momentum aiming toward the 3,401 resistance and potential extension to 3,433 if buyers sustain pressure. 💡 Fundamental Analysis ● Weakening US dollar amid cooling labor market signals and dovish Fed commentary supports gold’s role as a hedge, with investors rotating back into safe-haven assets. ✨ Summary Bullish above 3,374; targets 3,401 → 3,433. Invalidation on a close below 3,359. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● XAU/USD confirmed a breakout above the long-standing descending resistance, with price sustaining gains above 3,374 and building a bullish continuation structure. ● Holding above 3,360 support, momentum now targets 3,433, with a potential extension toward 3,500 if buyers press through the resistance zone. 💡 Fundamental Analysis ● Recent US data signals easing inflationary pressure, while dovish Fed tones fuel expectations of policy stability. This weakens the dollar and boosts safe-haven inflows into gold. ✨ Summary Bullish above 3,374; targets 3,433 → 3,500. Invalidation on a close below 3,360. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!GOLD successfully gained a foothold above the $3,440 level, from where it formed a bullish takeover.