Technical analysis by Ralx-Gls about Symbol PAXG on 8/29/2025

Gold/US dollar - a short -term decrease, a greater rise in the future This is what I see: We see that gold is currently trading around 3,404 USD, coherent after a strong upward movement within the upscale spinning model. This model has now penetrated up, and the price movement shows a potential head and shoulders near its summit. The head and shoulders: The left shoulder, the head and the right shoulder are optimized, and the neck line is located around the 3,399-3,400 USD. If the price decreases and re -test this neckline, we may witness a short -term declining movement towards the target of the head and shoulders around 3,399 USD. This is a positive decline after the last height. The broader image (wedge): Although we may witness a short -term correction, the penetration of the larger wedge model indicates the continuation of the rise. The scalp target indicates a level of $ 3,430, which corresponds to the next resistance level.