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

GOLD – Overview Gold recorded a new all-time high (ATH) and continues to show strong bullish momentum. The metal remains supported by expectations of further Fed rate cuts and safe-haven demand, but short-term corrections are possible if price fails to hold above key pivot levels. Technical Outlook As long as price trades above 3,976, the bullish trend remains intact, with potential to extend toward 4,008 → 4,020. A 1H or 15M close below 3,976 would indicate the start of a bearish correction, targeting 3,957 → 3,944. Pivot: 3,976 Resistance: 4,008 – 4,020 Support: 3,960 – 3,944 – 3,920