Technical analysis by MrOscar18 about Symbol PAXG: Buy recommendation (10/6/2025)

Currently, gold is trading around the 3923 level. Based on technical and fundamental analysis, I anticipate a short-term dip towards the 3910 zone, which may serve as a strong support level before gold resumes its upward momentum. From this level, I expect a bullish continuation towards the 3950 mark, which could potentially lead to the formation of a new all-time high in the near term. Fundamental Factors Supporting the Bullish Outlook: U.S. Government Shutdown Risks – Heightened political uncertainty is increasing demand for safe-haven assets like gold. Weakening U.S. Dollar – A softer dollar is historically bullish for gold prices. Central Bank Buying – Continued accumulation of gold by global central banks is strengthening the long-term bullish case. These macroeconomic drivers, combined with the technical setup, support a buy-on-dip strategy in the 3910 area, targeting a move towards 3950 and beyond. Strategy Summary: Buy Zone: 3910 – 3913 Target: 3950 Bias: Bullish Key Support: 3910 Key Resistance: 3950 Stay tuned and manage risk appropriately.TARGET 1 HAS BEEN SUCCESSFULLY ACHIEVED, THE MARKET PLAYED OUT AS I ANALYSED THE GOLDGOLD TRADE UPDATE – TARGET HIT 🎯 Shared a GOLD LONG setup at 3918, targeting 3950 – and we’ve successfully hit the target! ✅ 📈 Entry: 3918 🎯 Target: 3950 💥 Result: Target Reached! Precision analysis + disciplined execution = consistent results. Stay tuned for more setups. Let’s keep the momentum going! 💪 #GoldAnalysis #TargetHit #ProfitableTrade #TradingCommunity #XAUUSD #PriceAction