Technical analysis by Market_Trader about Symbol PAXG on 9/1/2025

Gold prices surged again, briefly reaching around 3490. Monday's rally rekindled market bulls. With gold nearing its all-time high, strategies need to be adjusted. Given the current high, keep a close eye on the key 3500 level during the European session. If it breaks through, new highs are possible. Otherwise, short sell and wait for a pullback before going long. The 4-hour chart shows consecutive bullish candlesticks, but significant resistance lies near 3495. During the European session, watch for pressure around 3500, a key level for long-short strategies. Short-term support is around 3365, which also marks the MA5 moving average. Trading Strategy: Short around 3495, stop loss at 3505, profit range 3470-3465. Long around 3460, stop loss at 3450, profit range 3490-3500-3510. If the price fails to pull back, it will directly stabilize above 3500 in the European session, stop loss in time and go long, with the target first at 3515-3520. The market has always been a game between bulls and bears. In the trading market, winning and losing is the only criterion. In the new week, I wish you all a successful trading week.