Technical analysis by cryptoonchain about Symbol PAXG: Buy recommendation (9/2/2025)

Gold is painting a compelling technical picture on the daily chart, consolidating within a clear Ascending Triangle pattern—a classic continuation signal that often breaks to the upside. Pattern Structure: Support: A rising trendline connecting higher lows, indicating consistent buying pressure at increasingly elevated levels. Resistance: A horizontal barrier near the $3,477 - $3,550 zone, which has been tested multiple times, confirming its significance. Key Levels: Breakout Target: A successful breakout above $3,550 could trigger a measured move projection targeting $3,800+, based on the pattern's height. Support to Hold: The pattern remains valid as long as price holds above the ascending support. A break below could invalidate the setup and signal a deeper pullback. Volume & Momentum: The formation of higher lows suggests accumulation and weakening selling pressure at key resistance. A breakout accompanied by rising volume would strongly confirm bullish momentum. Macro Context: This pattern forms within a larger uptrend, reinforcing its reliability. Gold's role as a safe-haven asset amid global economic uncertainty continues to underpin demand. Trading Outlook: Bulls should await a decisive close above $3,550 to enter, targeting new all-time highs. Bears need a break below the ascending trendline to regain control.