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

Gold (XAU/USD) is currently maintaining a short-term bullish structure after breaking several key resistance levels. Multiple Breaks of Structure (BOS) on the 15-minute chart signal a shift in momentum from bearish to bullish. As long as the price holds above the 3,977–3,970 support zone, the overall bias remains upward. The current formation of higher highs and higher lows suggests buyers are still in control, setting the stage for a potential continuation rally. The first demand zone lies between 3,944 – 3,955, where the last bullish impulse originated — a critical area for potential re-entry buys if the price retraces deeply. On the upside, the 4,014 – 4,033 range marks a strong supply zone that coincides with the Fibonacci 0.618–0.786 retracement levels. Should bulls manage to clear this supply zone, price could extend toward the 4,057 (1.0 Fibonacci) level, and possibly reach the 4,128 (1.618 extension) as the next swing target. The primary scenario anticipates a minor pullback toward 3,985 (Fib 0.382) before resuming its bullish move toward 4,024 (supply). A clean break above that zone could accelerate momentum toward 4,057–4,128. Alternatively, if price breaks below 3,977, it might retest the demand base at 3,944–3,955 before another bullish attempt. The technical landscape points to a bullish continuation setup with well-defined risk. Gold is preparing for a possible surge, but traders should stay patient for confirmation at key retracement levels. As always — trade the plan, not emotions.