Technical analysis by Henrybillion about Symbol PAXG on 10/9/2025

Market Overview: Gold continues its strong bullish structure on the H1 chart, maintaining a clean ascending channel since late September. The recent pullback around the midline acted as a technical correction, offering potential for another upward expansion phase. Technical Breakdown: Price is moving consistently within a rising channel, respecting both the upper and lower boundaries with multiple touchpoints. Previous consolidation zones around 3,880 – 3,900 and 3,940 – 3,950 served as accumulation areas before each breakout. The current price of 4,041 sits near the channel midline, showing healthy momentum supported by rising EMAs (20 and 50). RSI remains balanced near 60, leaving enough room for another bullish leg before potential exhaustion. Key Levels to Watch: Immediate support: 4,000 – 3,980 (midline and short-term EMA cluster) Major support: 3,940 – 3,920 (previous accumulation zone) Immediate resistance: 4,080 – 4,100 (channel top) Target extension: 4,120 – 4,150 (measured move from last swing) Trading Strategy Idea: Buy on retracement toward 4,000 – 3,985 support zone with confirmation from bullish candle or RSI rebound. Stop loss: below 3,975 Take Profit: 4,080 – 4,120 – 4,150 → Focus on intraday long setups following the trend structure; avoid chasing at highs. Conclusion: Gold remains in a strong bullish rhythm, and the trend channel is still intact. As long as price holds above 3,980, buyers have a clear advantage toward the 4,120 zone. Keep following for daily updates and refined entry strategies in upcoming sessions.