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

GOLD – Overview | Pullback After Gaza Deal, But Bullish Structure Intact Gold eased slightly after the announcement of a Gaza ceasefire deal between Israel and Hamas, as geopolitical tensions cooled. However, prices remain near record highs, supported by expectations of further Fed rate cuts, strong ETF inflows, and persistent concerns surrounding the U.S. economy and the government shutdown. Investors now await today’s Fed speech, which could set the tone for near-term volatility in the metal. Technical Outlook The price stabilized below the pivot line at 4,041, signaling mild bearish pressure in the short term. As long as gold trades below this zone, momentum may continue toward 4,026 → 4,010, and a confirmed 15M close below 4,010 could extend the move toward 3,987. On the other hand, a 15M close above 4,041 would shift momentum back to the upside, opening the way toward 4,058 → 4,072 → 4,092, with the 4,100 area marking the next key bullish target. Pivot Line: 4,041 Resistance: 4,058 · 4,072 · 4,092 Support: 4,026 · 4,010 · 3,987 Summary: Gold remains fundamentally supported by global uncertainty and Fed rate-cut bets, even as short-term corrections play out. Watch for volatility around the Fed speech—a dovish tone may reignite bullish momentum above 4,041, while a hawkish tone could trigger deeper correction below 4,010.