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Technical analysis by DeGRAM about Symbol PAXG: Buy recommendation (9/1/2025)

https://sahmeto.com/message/3746942
DeGRAM
DeGRAM
Rank: 314
3.1
Buy،Technical،DeGRAM

📊 Technical Analysis ● XAU/USD broke out of a prolonged consolidation wedge, surging above 3,440 and validating a bullish continuation setup. ● Price is targeting the 3,490 resistance; a breakout would open the path toward 3,540, with 3,440 now acting as a strong support floor. 💡 Fundamental Analysis ● Softer US inflation metrics and a pullback in yields are pressuring the dollar, while heightened geopolitical risks continue to fuel safe-haven demand for gold. ✨ Summary Bullish above 3,440; targets 3,490 → 3,540. Invalidation on a close below 3,440. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!📊 Technical Analysis ● XAU/USD is consolidating above 3,466 after a sharp breakout from the descending channel, with higher lows reinforcing bullish structure. ● Price is approaching 3,500 resistance, and sustained momentum above 3,466 suggests a continuation toward 3,540 in the near term. 💡 Fundamental Analysis ● Weaker US labor market data and Fed officials signaling caution on further tightening support gold, while ongoing geopolitical risks enhance safe-haven flows. ✨ Summary Bullish above 3,466; targets 3,500 → 3,540. Invalidation on a close below 3,440. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!GOLD reached 3540 and made it possible to withdraw up to 2%

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$3,488.72
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