Technical analysis by SroshMayi about Symbol PAXG: Buy recommendation (8/27/2025)

Gold – Live Update Bullish Trend Holds Above Pivot Gold reached our projected target around 3,392 as mentioned in the previous idea. Currently, the price is trading above the 3,374 pivot line, maintaining bullish momentum. 🔹 Technical Outlook ✅ As long as price holds above 3,374, the bullish trend should continue toward 3,384 → 3,401 → 3,412. ⚠️ A move below 3,374 would trigger a correction to 3,363, with deeper downside toward 3,350. 🔹 Key Levels Pivot: 3,374 Resistance: 3,384 – 3,401 – 3,412 Support: 3,363 – 3,350 ✅ Summary: Gold continues to respect bullish momentum above the pivot. Watch 3,374 as the decision zone — holding above favors continuation higher, while a break below shifts focus to 3,363 and 3,350. previous idea:Gold – Overview | live update Safe-Haven Demand Rises on Fed Independence Concerns Gold futures are trading sideways but holding firm at higher levels amid growing unease over U.S. Federal Reserve independence. Safe-haven demand has strengthened as investors weigh political risks: if Trump succeeds in removing Fed Governor Lisa Cook, it would give him a majority on the seven-member board, fueling concerns about political influence over monetary policy. This raises fears of premature rate cuts, eroding confidence and potentially fueling inflation — all supportive for gold. 🔹 Technical Outlook Gold reached our projected target at 3,402 and still shows bullish momentum. ✅ Next immediate target: 3,413, with potential continuation toward 3,436 → 3,450. ⚠️ A 1H candle close below 3,394 would trigger a bearish correction, exposing 3,383 → 3,373. 🔹 Key Levels Pivot: 3,402 Resistance: 3,413 – 3,436 – 3,450 Support: 3,394 – 3,383 – 3,373 ✅ Summary: Gold is consolidating near highs, supported by safe-haven demand and Fed policy concerns. Holding above 3,402 keeps the bullish trend intact toward 3,413 / 3,436, while a break below 3,394 would trigger correction.