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

FenzoFx—Gold is in a strong bull market. Today, the commodity began the Asian session with a minor correction, down by 0.25%. Currently, XAU is testing the bullish fair value gap. There exist two levels to join the bull market and target $3,977.0. The first level is $3,950.0, current price, and the second level, which is more recommended, rests near the previous day's low at $3,922.0. This level is backed by the hourly bullish fair value gap. Please note that if the price closes and stabilizes below $3,922.0, XAU/USD could retest the broken resistance at $3,897.0. It is advisable to enter the bull market with small-size trades at these levels, targeting $4,000.0.