Technical analysis by TradingShot about Symbol PAXG: Buy recommendation (9/5/2025)

Gold (XAUUSD) has been practically on a non-stop rally since the last time it tested its 1M MA50 (blue trend-line) 2 years ago (October 2023). It is no coincidence that the result of such a test was an aggressive rally, as this level has historically been Gold's long-term Support and what separates its Bull from its Bear Cycles. More specifically, Gold has started trading within a multi-decade Channel Up since the August 1993 High. It first Bear Cycle (red Rectangle) started then end finished the moment it touched the pattern's bottom. Shortly after, the price broke sustainably above the 1M MA50, confirming the new Bull Cycle in the form of an internal (green) Channel Up. This phase peaked a little above the 3.618 Fibonacci extension. That was when the latest Bear Cycle started, which again broke below the 1M MA50 and has been very similar in symmetrical terms to the first one. The new Bull Cycle started after the August 2018 Low. With the use of the Time Cycles, we can estimate that in October 2029 the current long-term Bull Cycle might end. This doesn't mean that there won't be a sizeable correction until then, but the long-term bullish trend should stay intact. By October 2029, contact with the Channel's top should have hit $8000, which is still marginally below the current 3.618 Fibonacci extension. This suggests that each of Gold's Time (Super) Cycle is approximately 18 years. If such a continuous rise is materialized that doesn't only gives meaning to Gold's use as a 'safe-haven' but should also tell us a lot about future inflation and deliver a warning to economies and especially central bank strategy implementation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇