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

Gold Market Outlook Ahead of U.S. NFP Data Gold remains firmly supported ahead of the upcoming U.S. Nonfarm Payrolls (NFP) release, which may serve as a key confirmation of the Federal Reserve’s potential policy easing. Market expectations are centered on a modest gain of +75K jobs. A weaker-than-expected outcome would strengthen the case for a rate cut, providing additional support for gold. However, the risk of a short-term correction remains elevated. Any deviation or nuance in the data could trigger profit-taking and liquidation. Rising unemployment levels and subdued ADP employment figures are already reinforcing market bets on monetary easing, which in turn continues to bolster investor demand for the metal. Key Technical Levels Resistance: 3564.5, 3578.5 Support: 3545.9, 3526, 3508 Market Scenarios Weak NFP report: Potential rally towards $3,600+ Strong NFP report: Likely correction towards the 3450–3400 zone From a technical perspective, a correction is expected once the current bullish structure shows signs of breakdown. Given the heightened volatility surrounding the data release, it is advisable to avoid trading at the moment of the announcement. Instead, waiting 20–40 minutes after the release will allow for more informed, data-driven trading decisions.