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

Hello Traders! 👋 What are your thoughts on XAUUSD? Gold has been moving within a medium-term ascending channel and recently managed to break above a major resistance area that had previously rejected price multiple times. Currently, the price is facing a psychological and technical barrier at the $3500 level, acting as the next resistance. Price is expected to consolidate slightly below $3500 before attempting another push higher. As long as price holds above the broken resistance and stays within the ascending channel, the bullish outlook remains valid. A successful breakout above $3500 could open the path toward targets at $3600 – $3700-$3900 in the medium term. Don’t forget to like and share your thoughts in the comments! ❤️Price reached the first target at 3600