Technical analysis by Jeremy_NPC about Symbol PAXG: Buy recommendation (10/2/2025)

Hello, traders! Gold shows no sign of slowing down, closing the October 1st trading session at $3,866.66/oz, while futures contracts hit a record high of $3,897.50/oz. The precious metal has climbed nearly 50% year-to-date and just set its 39th record high this year! Fundamental Analysis: Shutdown Risk Hits at the Worst Time While government shutdowns usually have a minor impact, the timing of this one is critical: Delayed Jobs Data: The crucial jobs report (scheduled for Oct 3rd) will be postponed. This uncertainty will leave the market and the Fed 'blind' regarding the economy's health just weeks before the next policy meeting, triggering strong demand for safe-haven assets (Gold). Threat of Staff Cuts: President Trump threatened to use the shutdown to cut "a lot of" federal employees, escalating tensions beyond typical closures and increasing political instability. Technical Analysis & Trading Strategy Gold accelerated past the $387x region during the US session, confirming the upward momentum is still very strong. However, the market is prone to more "Stop Loss hunting" (liquidity sweeps). Continue to Prioritize Buy, but manage SL carefully due to wider price swings. Resistance: $3887, $3895, $3904 Support: $3870, $3854, $3843 Suggested Trading Strategy (Absolute Risk Management): BUY ZONE Zone: $3870 - $3868 / SL: $3860 TP: $3878 - $3888 - $3898 - $3908 SELL ZONE (High Risk) Zone: $3903 - $3905 / SL: $3913 TP: $3895 - $3885 - $3875 Gold is running on a foundation of fear. Do you think the $3900 mark will be breached this session? 👇 #Gold #XAUUSD #ATH #Fed #GovernmentShutdown #TradingView #FinancialMarkets #RecordHigh