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

On Monday in Asia, gold surged sharply after the US Court of Appeals for the Federal Circuit ruled that Trump's tariffs were illegal. So far, it has reached a high of 3489. However, the closer the market reaches these points, the more it suggests a reversal may be imminent. This week's non-farm payroll data and the interest rate decision in mid-September will be catalysts for the market. The daily chart clearly shows that the daily chart has now risen for nine consecutive days. In the short term, it has been fluctuating slightly around 3375. The current market is no longer suitable for long positions. The only remaining uncertainty is whether it can reach the high of 3500. Given the timing, a correction is highly likely in the US market, perhaps even a sharp one in Tuesday's Asian session. Therefore, gold may continue to consolidate at a high level in the US market, before experiencing a correction after breaking through 3500 in the Asian session on Tuesday. Therefore, Quaid believes that it is not suitable for a large-scale bullish trend at the moment. If it reaches the high point of 3500 and a top structure signal appears, you can short at this position. Don’t hesitate, give it a try.