Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (9/9/2025)

Gold – Overview Gold hit a fresh record high at $3,659 on Tuesday, supported by weak U.S. jobs data and growing bets on Fed rate cuts. Traders now await key U.S. inflation releases – PPI on Wednesday and CPI on Thursday – which could drive the next major move. 📊 If inflation comes in hotter than expected, gold risks a sharp correction. 📊 If inflation is weaker, expectations for a 50 bps Fed rate cut could lift gold further. Technical Outlook: 🔻 While below 3,657, price may correct toward 3,640. A 15M close below 3,640 would extend the decline to 3,629. 🔺 Stability above 3,657 on a 15M close would support further upside toward 3,665 → 3,683. Key Levels: Pivot: 3,657 Support: 3,640 – 3,629 – 3,612 Resistance: 3,665 – 3,683 previous idea:GOLD – Market Overview Gold has been lifted by Fed rate cut expectations and safe-haven flows, but all eyes are now on today’s U.S. PPI report, which will likely set the next move. 📈 If PPI comes in softer than expected, Gold could rally toward 3,657 → 3,665 → 3,684 (new ATH). 📉 If PPI beats expectations, price may fall back toward 3,629 → 3,612 → 3,600. Key Levels Pivot: 3,640 Resistance: 3,657 – 3,665 – 3,684 Support: 3,629 – 3,612 – 3,600 📌 Market bias: Neutral for now; expect volatility around PPI release.