Technical analysis by SroshMayi about Symbol PAXG on 10/1/2025

GOLD – PREMIUM UPDATE | Record Highs on Shutdown Risk Gold surged to a fresh record as safe-haven flows intensified after the U.S. government shutdown. The deadlock in Washington raises the risk of delayed NFP data, while weak labor signals have already strengthened rate-cut expectations. Today’s ADP report will be the key catalyst for the next move. 📉 Bearish Setup Path: While trading below the 3,885 pivot, gold remains vulnerable to retests of 3,869 → 3,859 → 3,844. Trigger: A confirmed 15M/1H close below 3,869 would reinforce bearish continuation. Catalyst: Stronger ADP data would favor USD strength and pressure gold lower. 📈 Bullish Setup Path: Stabilization above 3,870 keeps momentum supported, but a break above 3,893 is needed for continuation. Targets: 3,914 → 3,934, with potential extension toward 3,950. Trigger: Softer ADP data would fuel upside and strengthen safe-haven demand. 🔑 Key Levels Pivot: 3,885 Resistance: 3,893 – 3,914 – 3,934 – 3,950 Support: 3,869 – 3,859 – 3,844 📝 Trading Plan ✅ Sell Setup: Shorts valid while below 3,885, targeting 3,869 / 3,859 / 3,844. ✅ Buy Setup: Long entries favored only after a confirmed break above 3,893, aiming for 3,914 / 3,934. ⚠️ Risk: High volatility expected around ADP and shutdown headlines—wait for candle confirmations before entering. 📌 Premium Takeaway Gold remains bullish on higher timeframes, but intraday bias stays bearish below 3,885 with downside tests toward 3,869–3,844. Upside continuation requires a break above 3,893, likely supported by a softer ADP print.