Technical analysis by Market_Trader about Symbol PAXG: Buy recommendation (9/3/2025)

On Tuesday, after repeated price fluctuations, gold broke out again, closing higher on the daily chart and completing its sixth consecutive positive day. The overall bullish trend remains extremely strong, and bullish sentiment dominates the market. Technical indicators remain unchanged, with the moving average system showing a standard upward diverging bullish pattern. Recently, gold prices have been steadily rising against the 5-day moving average, making it a crucial short-term support line in the current market. Regarding key price levels, the initial focus is on the support strength at 3500. This level, a previous high, failed to hold immediately after breaking through in early Asian trading on Tuesday, but continued its upward trend in the US market, creating a "top-bottom reversal" support effect. If the Asian market retreats on Wednesday, the support at this level will directly affect short-term bullish sentiment. On Wednesday, Quaid believes that as long as the bullish support line at 3500 holds, prices will continue to rise. Trading strategy: Go long at 3520, with a stop-loss of $10 and a target of 3580 or above.