Technical analysis by ProfitMagnet-Pro about Symbol PAXG: Buy recommendation (10/2/2025)

Hello everyone, Gold (XAUUSD) is currently respecting the ascending trendline support, showing strength after multiple BOS (Break of Structure) and ChoCH (Change of Character) confirmations on the 1H chart. Price action has been moving within a bullish structure, consistently forming higher highs and higher lows. At the moment, the market is consolidating above $3,852 support while still trading inside the bullish channel. The chart highlights two possible scenarios: Bullish Scenario – If price maintains above the trendline and breaks through the $3,889 resistance, momentum could extend toward the $3,925 zone. This would confirm a bullish continuation pattern supported by strong structural levels. Retest Scenario – If price dips slightly lower, we could see a pullback into the trendline + $3,852 support area. As long as the market respects this zone, buyers may step back in and drive the price upward again toward resistance levels. Resistance: $3,889 – $3,925 Support: $3,852 – $3,793 Trendline: Acting as dynamic support Overall, XAUUSD remains bullish in the medium-term outlook. Traders should monitor how price reacts around the trendline and resistance levels before planning entries.