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

Gold is currently trading around the 3929 zone and showing renewed buying interest after recent consolidation. My outlook anticipates a continuation of this bullish momentum, targeting the 3960 resistance zone in the short term as buyers remain in control above key support levels. 📌 Trade Plan: Entry: 3928 Target 1 : 3945 Target 2 : (Resistance): 3960 Support: 3897 Bias: Bullish while above 3897 📊 Technical Analysis: Trend Structure: Gold continues to follow a bullish structure, forming higher highs and higher lows on the 4H timeframe. Support Zone: The 3897 level serves as a strong support area and potential rebound point for buyers if any retracement occurs. Resistance Zone: The 3960 area acts as the next major upside target; a breakout above it could extend the rally toward 3980–4000. Momentum Indicators: RSI remains above the 60 mark, confirming strong bullish momentum. MACD is in positive alignment, signaling continuous buying pressure. Moving Averages: Gold is trading above both the 20-EMA and 50-EMA, confirming that short-term and medium-term momentum favors buyers. 🌍 Fundamental Analysis: U.S. Dollar & Yields: A slight pullback in the U.S. Dollar Index and stabilizing Treasury yields have supported gold’s bullish momentum, as lower yields reduce the opportunity cost of holding the metal. Federal Reserve Outlook: Market expectations for a more cautious or data-dependent Fed continue to favor gold, with investors anticipating limited rate hikes and potential easing in the coming months. Macro Sentiment: Ongoing geopolitical tensions and uncertainty around the U.S. fiscal situation continue to drive safe-haven demand. Investor Positioning: Institutional flows into gold remain strong, reflecting a preference for hard assets amid global economic concerns and inflation risks. 🔎 Bias: Gold remains bullish above 3897, with short-term targets at 3960. A confirmed break above 3960 could open the door to further gains toward 3980–4000. However, a sustained drop below 3897 would weaken the bullish structure.3830 → 3945: Achievement Unlocked 🏆 150Pips Secured🔒 enjoy your profit Target🎯 1 Smeshed wonderfully