Technical analysis by Mihai_Iacob about Symbol PAXG: Buy recommendation (9/2/2025)

Last week I mentioned that if Gold broke above 3380, the 3400 level would not be an obstacle and we could see acceleration towards 3450 and even 3500. ✅ On Friday, Gold reached my target at 3450. ✅ Last night, the market printed a new ATH above 3500. ________________________________________ Key Question: After 6 straight days of almost vertical rise, is a correction finally coming? ________________________________________ Why a Correction Is Likely: •Gold has risen more than 1,000 pips in just few days. •Every intraday dip has been bought aggressively – a sign of exhaustion risk. •Technically, support zones are now visible at 3470 and 3450. ________________________________________ Trading Plan: Selling here is very risky against such a strong trend. Instead, the strategy is simple: 👉 Wait for the correction. 👉 Look to buy dips. ________________________________________ Conclusion: My preferred approach remains buying dips, as the uptrend is still powerful. Gold could easily continue its rise above 3500 in the next few days. 🚀