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

📊 Full Technical Analysis of Gold (XAUUSD) – September 1, 2025 🔥 Market Overview Gold has finally broken free from the long, boring consolidation range between 3300 – 3360 and surged above the 3445 – 3460 psychological and technical barrier. This breakout is not just another move — it could be the start of a new expansion phase with the potential to drive prices toward record highs. Today’s high: 3489.9 Current close: around 3470 The main ascending trendline is still intact around 3352 – 3365, acting as the key support zone for the bullish structure. 🧭 Key Support Levels 3455 – 3462: Retest zone (top of the broken range). 3437 – 3444: Minor demand zone for quick pullbacks. 3400: Major pivot level (blue line on chart). 3352 – 3365: Strategic confluence of trendline + demand blocks. 3320 – 3330: Secondary support if the trendline fails. 🚀 Key Resistance Levels & Upside Targets 3489 – 3500: Today’s high + psychological barrier. 3515 – 3525: Short-term extension target after the breakout. 3545 – 3555: Measured breakout target (range width ≈ 100$ added to 3450). 3575 – 3600: Extended upside if daily closes remain above 3450. 📈 Price Action After Breakout Price broke out of a multi-week accumulation range with strong volume. A healthy retest around 3455 – 3462 would confirm breakout validity. A daily close back below 3445 = potential false breakout (fakeout). 🎯 Possible Scenarios ✅ Bullish Scenario (70% probability) Continuation higher toward 3489 – 3500. A breakout above 3500 opens the path to 3515 – 3525, then 3545 – 3555, and finally 3575 – 3600. 🟥 Bearish Scenario (if the breakout fails) A breakdown below 3455 – 3462 and a daily close under 3445 → invalidates the breakout. Downside targets: 3437 – 3444, then 3400. If 3400 breaks, a deeper pullback toward 3352 – 3365 becomes likely. 💰 Trading Plans (Swing + Physical Holders) For Physical Buyers (long-term investors & hedgers): First batch: 3455 – 3462 (retest). Second batch: around 3400. Third batch: 3352 – 3365 (strategic accumulation zone). 🎯 Long-term targets: 3500 → 3550 → 3600. For Swing/Intraday Traders: Plan A – Breakout Retest Buy Entry: 3455 – 3462 Stop: below 3444 Targets: 3489 → 3500 → 3515 – 3525 Plan B – Quick Pullback Buy Entry: 3437 – 3444 Stop: below 3430 Targets: 3470 → 3489 → 3500 Plan C – Trendline Defense Buy Entry: 3352 – 3365 Stop: below 3345 Targets: 3400 → 3455 → 3500 → 3550 🧮 Breakout Measurement Range width: ~100$ Added to breakout point (≈ 3450) → measured target 3550. Sustained daily closes above 3450 raise the probability of reaching 3575 – 3600. 📌 Execution Summary Daily bias: Bullish after a confirmed breakout. Best buy zones: 3455 – 3462 → 3437 – 3444 → 3352 – 3365. Upside targets: 3500 → 3525 → 3550 → 3575/3600. Invalidation: daily close below 3445, or a breakdown under 3350. ✍️ Disclaimer: This is not financial advice. It’s a technical view based on current price action. Always use proper risk management.