Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (8/28/2025)

Gold is currently consolidating near resistance as momentum tests the critical 3400 level. Despite this resistance zone, the broader technical outlook remains bullish Fundamentally, a deeper corrective move may be limited due to the following factors: A weaker U.S. Dollar, which continues to support gold prices Increased probability of a Fed rate cut in September, adding pressure to the Federal Reserve and reducing yields, which typically benefits non-yielding assets like gold From a technical perspective, the bullish structure remains intact. A clean break and sustained move above the 3400 level could open the door to further upside, with the next potential resistance seen around 3425 to 3450. However, short-term movement will likely depend on incoming U.S. economic data. Traders should watch for price reaction at current levels for signs of continuation or rejection. You May find more details in the chart, Trade wisely best of Luck Guys. Ps; Support with like and comments for better analysis.