Technical analysis by EconomicanalysAbdulRahman about Symbol PAXG on 9/5/2025

EconomicanalysAbdulRahman

Gold today (September 4, 2025) witnessed a fluctuation between $ 3540 - $ 3593, with a bounce in the Asian session of $ 3540 support, and sales pressures in the European session when resisting $ 3593. 🔹 The most important support areas: $ 3540 → short -term axial support. $ 3516 → non -laboratory support. $ 3487 → Main support. 3450 - $ 3460 → Strategic support. 🔸 The most important areas of resistance: $ 3586 → First resistance. $ 3593 → strong daily top. 3610 - $ 3625 → Important psychological barrier. 📊 Possible scenarios with US job data: 📈 If the data is positive (a strong increase in employment, low unemployment, wage growth): We are more likely to witness a rise in the dollar index and a declining pressure on gold. Expected Goals: $ 3516 and $ 3487, and the correction may extend about $ 3450 if the negative momentum continues. 📉 In the event that the data is negative (the decline in employment or poor wage growth): The dollar will weaken and go to gold as a safe haven. Expected Goals: $ 3593 first, then penetration may open the road about $ 3610 - $ 3625, and possibly test 3635 - $ 3650. 📌 The general expectation of daily closure: Gold survival above $ 3540 enhances the chances of climbing in the short term. Breaking $ 3516 may push gold to correct deeper to $ 3487 - $ 3450. 🔔 Conclusion: The final trend of gold today is dependent on American job data, which will determine the course of the price to the weekly closure.