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

Gold is consolidating. The price is breaking through the local support of the “ascending wedge” pattern. This could cause the price to fall to the support level. Focus on the trading range boundaries of 3060 - 4020 - 4001. MM may provoke liquidation and a retest of support against the backdrop of a bullish trend, which will open up new potential for growth provided that Powell maintains his relatively dovish stance on interest rate policy.