Technical analysis by filatovarthur about Symbol PAXG: Sell recommendation (9/24/2025)

Gold (XAU/USD) is trading steady around $3,760 in Wednesday’s Asian session, after a slight pullback from its record high of $3,791. The precious metal continues to draw support from expectations of further U.S. Federal Reserve rate cuts and strong safe-haven demand. Fed Signals More Easing Ahead Fed Chair Jerome Powell highlighted the “challenging” balance between persistent inflation risks and a softening U.S. labor market. He reiterated the Fed’s readiness to ease policy further if needed, strengthening market bets for additional rate cuts. Futures markets are now pricing in two more 25 basis-point cuts in October and December, moves that would lower the opportunity cost of holding non-yielding assets like Gold. Market Outlook: Correction, Accumulation, and Uptrend Continuation After a brief correction lower, Gold appears to be entering an accumulation phase, setting the stage for a potential next leg higher toward $3,800. Technical View From a short-term perspective, key technical indicators—EMA 34 and EMA 89—along with support and resistance levels, suggest that traders could consider a tactical SELL setup within the ongoing consolidation. Immediate support: $3,740 – $3,720 Near-term resistance: $3,780 – $3,800 A well-timed sell order near resistance zones, with stops above the recent record, may provide an attractive risk-reward trade for short-term participants, while the broader long-term trend remains bullish.