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

XAUUSD Structure | Trend | Key Reaction Zones Gold moved strongly from an accumulation zone, rallying into channel resistance ~3,508. Now, price is testing rising trendline support + retest zone at 3,490–3,478. This is the immediate decision point. Market Overview Momentum remains bullish after the strong breakout, but repeated supply pressure at 3,508 capped upside. Buyers must defend current support levels; otherwise, a breakdown toward lower supports may follow. A bounce here could restore bullish continuation toward fresh highs. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 3,498 🎯 Target 2: 3,508 (channel high) 🎯 Target 3: Extension above 3,520 ❌ Bearish Case 📉 → 🎯 Downside Target 1: 3,478 🎯 Downside Target 2: 3,467 🎯 Extended: 3,456 Current Levels to Watch Resistance 🔴: 3,498 – 3,508 Support 🟢: 3,490 – 3,478 – 3,467 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.