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

🔹 Gold (XAU/USD) – Bullish Setup Analysis 1. Current Market Status * Price: $3,481.99 * Timeframe: 30-Minute Chart Gold is currently consolidating above the $3,470 support zone after a strong bullish move from the demand area. This indicates that buyers are maintaining control in the short term. 2. Demand Zone Identified * Zone: Around $3,440 The price previously rebounded strongly from this demand zone, which highlights significant buyer interest. This zone is a critical foundation for the ongoing bullish structure. 3. Key Support Level * Level: $3,470 This support level is currently holding well, preventing price from dropping lower. As long as price remains above this level, the bullish sentiment stays intact. 4. Resistance Area – First Target * Target Zone: $3,495 – $3,505 The first resistance or target zone is near $3,500. A break above this level would confirm bullish strength and open the door for further upside. 5. Resistance Area – Second Target * Target Zone: $3,528 – $3,550 The second resistance area represents the extended bullish target if momentum continues. This is the ultimate bullish target in this setup. 6. Bullish Outlook As long as the price holds above $3,470 and breaks through the $3,500 zone, the probability of reaching $3,528 – $3,550 is high. Traders should watch for breakout confirmations or a retest of the first resistance area for potential entries. If this helpful for you, press the like button.from 3475, support area