Technical analysis by SmartEdgeTrading about Symbol PAXG: Buy recommendation (9/23/2025)

Price action continues to carve out fresh all-time highs with relentless momentum, and at this rate, the elusive \$3800 milestone doesn’t just feel possible — it feels inevitable. Each minor retracement isn’t a sign of weakness; rather, it’s a calculated shakeout, drawing in fresh liquidity and fueling the next impulsive leg higher. The market is in full accumulation mode, and dip-buying behavior remains aggressively persistent. At the time of writing, XAU/USD has just printed a new record peak at $3,759, and the bulls are showing no signs of surrender. This rally is running hot, and the gold train has no brakes. Looking ahead, the next logical zones for potential price discovery lie at $3,765, $3,7801, and a psychological magnet at $3,800 — levels that now feel more like stepping stones than resistance.