Technical analysis by SMC-Trading-Point about Symbol PAXG: Buy recommendation (9/10/2025)

SMC Trading point update Technical analysis of Gold (XAU/USD) 1H analysis: --- Technical Breakdown 1. Ascending Channel Price is trending higher within a clear ascending channel, respecting both support and resistance trendlines. The bullish structure remains intact as long as price holds above channel support. 2. Demand Zones (Yellow Boxes) Price respected a Fair Value Gap (FVG) demand zone around $3,600 – $3,620, leading to bullish continuation. Another demand area around $3,640 acted as a recent support after a market structure shift (MSS). 3. Market Structure A bullish MSS confirms upside momentum. Higher highs and higher lows support the ongoing bullish trend. 4. RSI (14) RSI at 59.46, leaning bullish but not yet overbought — leaving room for continuation to the upside. 5. Target Point Projection points towards $3,689 as the next target, aligning with channel resistance and Fibonacci extensions. Mr SMC Trading point --- Summary Idea Gold is trading strongly within an ascending bullish channel, bouncing off demand zones and maintaining upward structure. As long as price holds above $3,640, the bias remains bullish with a target at $3,689. --- please support boost 🚀 this analysis