Technical analysis by Thalassa_ about Symbol PAXG: Buy recommendation (10/9/2025)

Based on the FOMC minutes and the XAUUSD chart, we see that gold (XAUUSD) is in a strong uptrend, even though the US dollar has risen to its highest level in the past two months. This indicates that demand for safe-haven assets remains very strong, especially in light of continuing unstable economic and political influences. FOMC meeting minutes indicate division in Fed officials' views on rate cuts. Some of them are concerned about high inflation, but the majority support easing policy. This reinforces expectations that gold will continue to rise as easy monetary policies continue to support gold as a hedging tool. On the chart, XAUUSD is trading in an ascending channel, with support at USD 3,970 per ounce and the short-term target at USD 4,090 per ounce. If the gold price continues this trend, we can expect another uptrend in the near future.