Technical analysis by David_Thompson_9 about Symbol PAXG: Buy recommendation (1/7/2026)

The main event is here, so don't go away! The crucial ADP data is about to be released! This is a key signal that can instantly change the price of gold! The afterglow of yesterday's gold price surge hasn't dissipated yet. Will it continue to climb to 4550 today, or will it turn around and plummet? The answer was immediately revealed as soon as the ADP nonfarm payroll data was released! If you miss it, you might miss a whole wave of opportunities! First, a brief explanation of the key points: The ADP nonfarm payroll data reflects the state of the US job market. Good data may strengthen expectations of a Fed rate hike and push up the dollar, putting downward pressure on gold prices; poor data, on the other hand, will raise expectations of a rate hike and give gold an upward trend! The market currently expects December ADP employment figures to be 45,000, compared to a previous reading of -32,000. If today's data falls short of expectations, gold prices will likely continue their upward trend from yesterday. We'll have to wait for the data to be released to see the results. \ Looking at the 4-hour chart for gold, after repeatedly testing the support level around 4310, the price of gold finally rebounded strongly, so a good bottoming pattern has been formed for the time being. However, considering that the non-farm payroll data will be released at the end of the week, it is possible that it will have a direct impact on the pattern and indicators. Momentum indicators show that the MACD has fallen below the signal line and is below the zero axis, indicating increased short-term downward pressure. If it breaks below key moving average support, it may test the dense support area around 4340-4330. Short-term trading advice is to focus on the strength of the upward momentum and look for key levels to short. Overall, today's short-term trading strategy for gold, according to David, is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is 4500-4510, and the key support level is 4430-4440. XAUUSD GOLD1! XAUUSD GOLD XAUUSDThe market has perfectly matched my analysis, and all members should continue to hold their long positions.