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

Hello, traders! Gold just set a New Record at $4,070.5/oz (Futures). Up 54% YTD, this rally is strongly fueled by two core factors: 1) Confirmed Fed rate cut momentum (backed by FOMC Minutes) and 2) Overwhelming safe-haven demand due to global instability (US Shutdown, Middle East conflict). Technical Analysis & BUY Dips Strategy Confirmed The sharp pullback from $405x to $4000 (the Fib 0.5 zone) led many to suspect a reversal. However, buying pressure overwhelmed sellers and broke resistance at $402x. Technical Conclusion: The dip was a Sell Trap and merely a Consolidation phase. The primary bias is confirmed: BUY on Dips is the absolute priority. Risk Warning: Only if $4000 is cleanly broken on heavy volume does the risk shift heavily against long positions. Key Price Levels: Resistance: $4049, $4057, $4064, $4074, $4084, $4094 Support: $4021, $4009, $3992, $3978 Trading Strategy (Prioritize BUY at Support) BUY SCALP: $4019 - $4017 SL: $4013 TPs: $4023, $4028, $4033, $4038 BUY ZONE (Strong Demand): $3992 - $3990 SL: $3982 TPs: $4000, $4010, $4020, $4030, $4040 SELL SCALP: $4056 - $4058 SL: $4062 TPs: $4053, $4048, $4043, $4038 SELL ZONE (High Risk): $4084 - $4086 SL: $4094 TPs: $4076, $4066, $4056, $4046, $4036 Can this momentum push Gold past $4100 this week? 👇 #Gold #XAUUSD #4070USD #ATH #Fed #BUYDIPS #SellTrap #TradingView