Technical analysis by EG-FOREX about Symbol PAXG on 9/1/2025

✨ Continuing the rising momentum of gold towards historical peaks ✨ The emerging trend is still existing; The price has made a compound model (double wave: zaghajj + X + triangle) since the summit $ 3500.17 on April 22, and the triangle at the bottom ended 3311.59 dollars on August 20. From there, gold began a new boarding journey towards historical peaks. The next goal is between 3600 - 3673 dollars, with several wave relations converging, with a higher -higher goal at 3778 dollars. As usual in the fifth waves, gold may be surprised by strong impulses at the end. However, breaking the level of 3268.18 dollars (the bottom of July 30) will nullify this rising scenario. And on the time frame for one hour, the current reading indicates that gold may have ended the first emerging wave (1), and now it is included in the framework of the second wave correction (2) descending, which is a natural correction within the greater emerging direction that we still emphasize. 🔑 Conclusion: The general trend of gold remains ascending with targeting levels of more than $ 3,600, but in the short term we may witness a temporary desired correction before resuming the rise.