Technical analysis by MrOscar18 about Symbol PAXG: Buy recommendation (10/9/2025)

Gold is currently consolidating around the $4030 level, showing signs of strength as it approaches key resistance zones. The first resistance is observed at $4041, followed by a second resistance at $4059. A decisive breakout above these levels would likely confirm a bullish continuation toward the target of $4080. 🔍 Key Levels: Support: $4030 (Current consolidation zone) Resistance 1: $4041 Resistance 2: $4059 Bullish Target: $4080 📰 Fundamental Drivers: The bullish outlook is underpinned by two major factors: Economic Uncertainty in the U.S.: Ongoing concerns about a potential government shutdown are increasing investor anxiety, pushing demand for safe-haven assets like gold. Central Bank Accumulation: Global central banks continue to accumulate gold as part of their diversification strategy, lending further strength to the long-term bullish sentiment. 📊 Technical Outlook: If gold can close above $4059 with volume and momentum confirmation, we can expect a swift rally toward the $4080 target. Traders should watch for a clean breakout and avoid premature entries until resistance levels are convincingly breached.close now