Technical analysis by AstronautPioneer about Symbol PAXG on 9/22/2025

1. Technical Structure Recent trend: Gold has been moving upward but is gradually forming higher highs with narrowing momentum. Resistance line: The upper red trendline indicates a dynamic resistance zone where price has been repeatedly rejected. Support zone: The lower red box (around 3,685 – 3,695) is acting as a demand zone, where price has bounced multiple times. 2. Current Pattern The chart shows a Rising Wedge pattern: price is climbing with converging highs and lows, which is often a bearish reversal signal. After touching the upper trendline, the blue arrow indicates the potential for a downward correction. The downside target could be a retest of the support zone (red box). 3. Market Psychology Buyers (bulls) are pushing price higher but momentum is weakening at resistance. Sellers (bears) may take advantage of the higher price levels near the trendline to enter short positions. The market may create a liquidity grab at the highs before reversing downward. 4. Trade Scenarios (for reference) Scenario 1 (primary): If price touches the upper trendline and shows reversal signals (e.g., pin bar, bearish engulfing), a Sell position can be considered with the target near the red support zone. Scenario 2: If gold breaks strongly above the trendline, the bullish trend may continue, with the next observation zone around 3,740 – 3,750. 👉 This is purely a technical analysis. You should also combine it with macroeconomic factors (Fed policy, USD Index, bond yields) to increase reliability before making a trading decision.