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

Gold – Update Gold remains near record highs, gaining more than 5% on the week as demand strengthens. India has been increasing bullion purchases while reducing U.S. Treasury bill holdings, and BRICS-aligned nations continue to diversify reserves away from the U.S. dollar. Combined with renewed inflation and fiscal concerns in the West, these flows are providing strong support for the metal. Technical Outlook: 📈 The price has printed a new ATH and holds bullish momentum as long as it trades above the pivot zone at 3,540–3,547. Upside targets are 3,572 → 3,588. 🔄 A short-term correction back toward 3,540 remains possible, but while above this level, the bullish bias remains intact. 📉 A confirmed break below 3,528 would shift momentum bearish, exposing downside toward 3,498 → 3,475. Key Levels: Pivot: 3,540 – 3,547 Resistance: 3,572 – 3,588 Support: 3,528 – 3,498 – 3,475 Bias: Strongly bullish above 3,540; bearish scenario activates only if 3,528 breaks.