Technical analysis by SibiSh about Symbol PAXG: Buy recommendation (10/8/2025)

Gold is clearly maintaining strong bullish momentum above $4,000. The market has maintained its upward trajectory since rebounding from the $3,900–$3,920 support zone. This zone acted as a solid demand area, leading to consistent higher highs and higher lows — a clear indication that buyers are dominating. The recent price action shows a clean breakout above the $3,980–$4,000 resistance area, which has now turned into a new short-term support. The chart also marks a “Weak High” near the current level, suggesting that a minor pullback or consolidation could occur before another bullish push resumes. This retracement could test around $4,010–$4,020 before aiming higher. The next major resistance levels are visible at $4,060, $4,075, and potentially $4,080–$4,100, which could be the next targets if bullish momentum continues. As long as gold stays above $4,000, the overall market bias remains positive. A sustained break below this zone might trigger a deeper correction toward $3,960 or even $3,940, but that currently looks less likely given the strong bullish structure. In summary, the short-term outlook remains bullish with expectations of a possible brief dip before continuation toward $4,080+. The trendline support and consistent break of minor resistances confirm strong buyer confidence in the market. Strong bullish trend continues Key resistance: $4,072 → $4,132 → $4,150 Support to watch: $3,976 → $3,925 🔹 Buy Zone: A potential buy zone lies between $4,010 – $4,025, where a short retracement is expected before the next upward move. This area aligns with minor structure support and trendline confluence, making it ideal for re-entry or fresh long positions. 🔹 Buy Trigger: A strong buy trigger would be a bullish 1-hour candle closing above $4,045, confirming momentum continuation toward the next resistance targets at $4,065, $4,075, and $4,080+. 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 price continues to respect the ascending trendline and Fibonacci support zone around 4000–4010. After a healthy pullback, buyers regained control, pushing the price back above 4035. As long as gold stays above 3990, the bullish structure remains intact with potential upside targets at 4080–4090. Momentum favors the bulls, and a break above 4082 could open the way toward the 4100 zone.