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

Gold, after a slight pullback at the Asian open on Monday, rallied sharply, reaching a high near 3486 before retracing. The US market, affected by the holiday, saw little performance, and the continued sluggishness of the European session also misled the market on the short-term divergence between bulls and bears. Gold surged again in the early Asian session on Tuesday, hitting a new all-time high near 3508, shocking the market once again. A further break below this level could open up further upward potential. While it's currently impossible to predict the peak, a reversal generally requires significant strength and momentum. Without a surge in bullish momentum, the probability of a short-term reversal is low, and another upward move is likely. Currently, support should focus on the retracement low near 3485, which also marks the top-bottom reversal point from Monday's high. Key support and a watershed below is likely to remain near Monday's correction low at 3466. A break below this level could signal further market volatility. Judging from the current overall trend, Quaid believes it's best to prioritize a long position. Trading strategy: Go long near 3485, stop loss at 3475, profit range 3505-3515. If weakness persists in the European session, further attempts can be made around 3470.