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

Last week, we executed six trades, one of which hit our stop-loss, while the other five yielded healthy profits. As we begin a new week, we hope these results continue. Gold fundamentals remain impacted by the US government shutdown. Gold prices opened this week with a strong rally, breaking through the 3900 mark and reaching a high near 3950. This market trend is driven more by fundamentals and risk aversion. When prices cease to rise and become capped at high levels, some profit-taking is inevitable, leading to a price correction. This is the current gold price trend, so we shouldn't chase the rally. Looking from below, the 3900 mark lies at the 0.618 Fibonacci retracement level of this uptrend, providing important short-term support. If we're considering a long position, we can consider the 3900-3910 range. If you are more aggressive, you can make a short-term short position in the high range of 3940-3950, and then go long when it falls back. Come on, let's get moving.