Technical analysis by Violet_Trading_Strategy about Symbol PAXG: Buy recommendation (9/8/2025)

Gold bulls are currently unstoppable. In the short term, every pullback presents an opportunity to open a long position. Since gold is in a bull market, the strategy must be to follow the bullish trend and go long. Gold's 1-hour moving average continues to form a golden cross and diverge upward, with support moving up to around 3560. 3560 is also a short-term turning point for gold bulls and bears. This level is crucial and will be the primary location for establishing long positions tonight. Gold is currently in a typical bullish trend, having broken through to new highs after periods of volatility driven by the non-farm payroll data. As long as gold avoids a single-day plunge and remains stable above 3560, the chances of a breakout above 3600 are very high. Given this unilateral strength, the gold bull market should be maintained to the end. Strategy If gold retreats to the support levels of 3575 and 3560, continue to open long positions. Targets are 3600 and 3620.For the aggressive ones, long positions can be opened in advance in the 3580 to 3585 area.Gold broke through 3600 as expected, waiting to rise to 3620