Technical analysis by ProfitMagnet-Pro about Symbol PAXG: Buy recommendation (10/5/2025)

Hello everyone 👋, Gold is currently forming an ascending triangle pattern on the 1H timeframe, showing strong bullish momentum along the trendline support. The market has been respecting higher lows while repeatedly testing the resistance zone around $3,897 – $3,900, indicating potential accumulation before a breakout. If price breaks above this zone with strong volume, we could see continuation toward $3,919 – $3,941, and possibly $3,960 in extension. However, a failed breakout and a break below the trendline could trigger a pullback toward $3,868 or lower support levels. This setup reflects the classic pattern of trendline compression within an ascending triangle, often leading to a decisive move. Always wait for confirmation before entering a trade and manage your risk accordingly. Resistance: 3897 / 3919 / 3941 Support: 3868 / 3840 Structure: Ascending Triangle & Trendline Support