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

https://www.tradingview.com/x/Z6ULfRnB/ News： During the Asia-Europe session on Wednesday, spot gold hit a bottom and rebounded. Affected by the ceasefire agreement signed by Hamas in Gaza, it fell nearly 1% during the session, and then rebounded sharply. It is currently down 0.07%, and its price is stable above the historical high of US$4,000 per ounce. Gold smells a familiar smell of sweeping here, which is in line with our expectations. According to the signal strategy given yesterday, if the price reaches 4020-4025, enter the long position and you can make a profit now. Specifically: The bullish momentum has not been broken. The upper double-line support on the hourly chart, along with the channel line, serves as a defensive dividing line. This rally, which began at 3280 in August, accelerated in September and doubled in October, with a nearly $780 surge, setting a new record and reshaping market perception. The two closest waves, one at 3720 and the other at 3820, sought support for further gains. The upper double-line support on the hourly chart is currently between 4000 and 4010, tentatively serving as the dividing line for any shifts in momentum. Holding the upper double-line support level will ensure the overall bullish momentum remains unchanged, and any short-term pullbacks and accelerations are intended to facilitate a stronger rally. Strategy： Long Position4020-4030，SL:4010，Target:4060,4080Gaza ceasefire, Fed rate cut "fight", should we buy or sell gold now?