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

Gold continues to trade within a well-defined ascending channel on the 1H chart, showing strong structural consistency after each corrective pullback. The latest rejection from the lower trendline coincides with a clear bullish reaction, suggesting that the market may be preparing for another leg higher. Key Technical Insights: Trend structure: The price maintains higher highs and higher lows within the ascending channel, confirming ongoing bullish momentum. Support zone: 3,943 – 3,950 acts as the near-term demand area aligned with the channel base. Resistance zone: 4,060 – 4,080 is the immediate supply region to watch for partial profit or possible pullback. EMA confluence: Short-term EMAs are turning upward, supporting the rebound setup. RSI: The oscillator remains neutral to slightly bullish, allowing further upside before overbought conditions appear. Trading Strategy: - BUY Zone: 3,945 – 3,955 - Targets: 4,030 – 4,060 – OPEN - Stop Loss: Below 3,935 As long as gold holds above the mid-channel and continues to attract volume confirmation, the bullish bias remains valid. Conclusion: Volume confirmation adds weight to this scenario — the price action suggests potential continuation toward the upper boundary of the channel. Patience and discipline will be key to managing entries effectively. Follow for more intraday strategies and real-time gold updates.