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Technical analysis by EconomicanalysAbdulRahman about Symbol PAXG on 9/4/2025

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EconomicanalysAbdulRahman
EconomicanalysAbdulRahman
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🟡 Gold analysis (xau/USD) - September 4, 2025 Gold trading today between $ 3530 - $ 3580 with a clear bounce of the axial support area at $ 3502 (Verified Support). 🔹 The most important support areas: $ 3502 → Main support (confirmed (re -tested once). 3475 - $ 3465 → sure secondary support. $ 3438 → Not yet laboratory support. 🔸 The most important areas of resistance: $ 3545 → weak resistance penetrated. $ 3582 → strong resistance has not yet been tested. $ 3606 → Psychological resistance and previous artistic summit. 📊 Summary Summary: Asian session: a strong bounce of $ 3,500 due to new buyers. European session: Continuing purchasing momentum with temporary weakness in the dollar and covering selling centers. ✅ Expectations for the American period: Today's eyes are heading towards employment data in the American private sector (ADP NON-Farm Employment): If the data comes stronger than expected → Gold may press down toward $ 3520 - $ 3500. If the data comes weaker than expected → Gold may pay for $ 3582 and then $ 3606. 📌 Expecting daily closure: Positive scenario: closing over $ 3,580 enhances the rising track and opens the road about $ 3620. Negative scenario: closing below $ 3520 may confirm the return of the correction of about $ 3475.

Translated from: Arabic
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$3,550.32
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