Technical analysis by Nova-Scalper about Symbol PAXG: Buy recommendation (1/2/2026)

Nova-Scalper
Gold prices recovered to around 4400.

⭐️GOLDEN INFORMATION: The minutes from the Federal Open Market Committee’s December 9–10 meeting revealed that most policymakers see scope for additional interest-rate cuts, contingent on inflation continuing to trend lower, though there was less consensus on the timing and magnitude of further easing. Expectations of lower policy rates tend to compress yields and reduce the opportunity cost of holding non-interest-bearing assets, providing a supportive backdrop for Gold. Beyond monetary policy, elevated geopolitical risks remain a key tailwind. The ongoing Israel–Iran conflict, alongside persistent tensions between the United States and Venezuela, continues to underpin safe-haven demand. In periods of heightened uncertainty, investors typically gravitate toward assets that can preserve value, reinforcing Gold’s role as a traditional store of wealth. ⭐️Personal comments NOVA: Gold prices are recovering at the beginning of 2026, breaking through the H1 trendline, and are recovering in the Asian session. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 4443 - 4445 SL 4450 TP1: $4435 TP2: $4420 TP3: $4400 🔥BUY GOLD zone: 4276 - 4278 SL 4271 TP1: $4295 TP2: $4310 TP3: $4330 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account