Technical analysis by Market_Trader about Symbol PAXG on 9/2/2025

Information Summary: Against growing global economic uncertainty, the spot gold market has experienced a strong rebound. Prices hit a record high of 3508.58. This rally reflects not only investors' strong expectations for a Fed rate cut this month, but also a combination of factors, including a weakening dollar, trade policy shifts, and global political risks. Most traders believe that if the job market continues to weaken, the safe-haven nature of international gold prices will become even more pronounced, driving prices higher. Technical Analysis: Gold's daily trend structure remains intact, with prices trading within the upper Bollinger Band. The RSI indicator is at a high of 70.8. Upside potential is gradually shrinking, so watch for a pullback after a surge. The gold price in the short-term four-hour chart and hourly chart remains in the upper and middle track of the Bollinger band, and the moving average continues to move upward towards the 3480 mark through a golden cross. The RSI indicator is currently around 78, entering the overbought zone. From a technical perspective, the main trading direction of gold remains low and long, but the price has reached a relatively high level and the indicator is overbought. Watch for a correction in gold prices, perhaps a pullback from a surge. Trading Strategy: Short-term long positions in gold near 3470, with a stop-loss at 3460 and a profit range of 3490-3510.