Technical analysis by SibiSh about Symbol PAXG: Buy recommendation (10/7/2025)

Gold price is currently showing a mild correction after testing the upper trendline of the ascending channel. The chart suggests a possible short-term pullback toward the $3925–$3913 zone, which aligns with the 0.382–0.618 Fibonacci retracement levels. As long as price holds above $3910, the bullish structure remains intact, and a rebound toward $3976 and possibly $4016 can be expected. A break below $3900 would weaken bullish momentum and could extend the decline toward $3875 support. Support: $3925 / $3910 / $3875 Resistance: $3976 / $4016 Bias: Bullish above $3910; correction possible before next leg up. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!Gold has respected the 3940 support area and is now moving upward. The key level to watch is 3976, which needs to break for further bullish confirmation. If price holds above this zone, the next targets could be around 3985–3990. However, a rejection near 3976 might trigger a short-term pullback before continuation. Overall, the structure remains bullish as long as gold stays above 3937–3940 support.Target achieved successfully $38=380 Pips Booked ($3,947-$3,985 Target)