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

Hey Traders, in today’s session we’re closely monitoring XAUUSD for a potential buying opportunity around the 3,900 zone. Gold continues to trade within a strong uptrend, and the current pullback appears to be a healthy correction approaching key trend support. Structure: The broader trend remains bullish, with price consolidating after its recent highs. The 3,900 level stands out as a technical pivot where buyers could regain control. Macro context: The US Dollar Index is approaching major daily resistance around 98.300, suggesting potential exhaustion in the current USD rebound. Meanwhile, political and fiscal developments in Japan where a notably dovish administration has just taken power could further support demand for safe-haven assets like Gold. Market sentiment: A combination of fiscal expansion abroad and rising uncertainty surrounding the ongoing US government shutdown is fueling risk aversion. If these pressures persist, Gold could retest the 4,000 zone sooner than expected. Key focus: Watching how price reacts around 3,900 for potential bullish continuation in line with the broader trend. Trade safe, Joe.Gold Broke above the 3,945 resistance and is attempting to retrace!Gold broke above the 4k!