Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (9/7/2025)

Nova-Scalper

✍️ NOVA hello everyone, Let's comment on gold price next week from 09/08/2025 - 09/12/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) surged to a record high of $3,600 on Friday after weak US Nonfarm Payrolls data fueled speculation of aggressive Fed rate cuts. The metal trades at $3,594, up 1.30%, as soft labor data drove Treasury yields and the Dollar lower. The 2-year yield, most sensitive to Fed policy shifts, slid over 11 basis points to 3.48%, reinforcing expectations of imminent easing. ⭐️Personal comments NOVA: Gold price hits new ATH 3600 and still maintains uptrend, bullish momentum thanks to interest rate cut in September 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3648 Support: $3508, $3465 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest