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

Gold is coiling up for a major move. The daily chart reveals a classic Ascending Triangle, a powerful bullish continuation pattern, suggesting the uptrend is ready to resume. Key Pattern Elements: Resistance: A flat, horizontal resistance level has formed around the $3,460 - $3,480 zone. This level has been tested multiple times, confirming its significance as a major hurdle. Support: A rising trendline connects a series of higher lows, indicating consistent and strengthening buying pressure. Trade Plan & Key Levels: Entry Signal (Long): A decisive daily candle close above $3,480. A surge in volume on the breakout would provide strong confirmation. Price Target: Based on the height of the triangle, the measured move projects a target near $3,800. Invalidation: The bullish setup is negated if the price breaks down below the ascending support trendline. Conclusion: The battle between buyers and sellers is nearing its climax. The structure strongly favors the bulls. Patience is key—wait for a confirmed breakout above resistance before entering a long position. This setup offers a clear path to new all-time highs. Disclaimer: This is not financial advice. Always conduct your own analysis.