Technical analysis by TradingView about Symbol PAXG on 10/15/2025

Remember those days where you could short gold and turn a profit? They’re gone. The precious metal is relentlessly pushing higher, breaking every short-seller’s dreams and portfolio. It’s official — gold has gone full meme. The shiny metal that your grandparents swore by is now trending on Reddit threads, popping in Discord chats, and somehow getting the same hype energy as Nvidia NVDA in 2023 and Dogecoin DOGEUSD in 2021. Gold XAUUSD just crossed $4,200 per ounce early Wednesday, notching a 60% gain year-to-date — its best run in modern history and enough to make short-sellers lose sleep and tons of cash. Its market cap now sits near $30 trillion, which means there’s more money parked in gold than the nominal GDP of every country not named the United States. Let’s unpack what’s fueling this blistering rally and why traders just can’t stop buying. 🪙 Gold as the Trade of 2025? Not too long ago, gold was a boring asset that just sat there like a pet rock. Not anymore. The OG store of value is finding new meaning as the “asset for uncertain times.” That is, even amid an ongoing earnings season . What’s driving it? Pretty much everything that usually rattles markets. • Rate cut expectations: The Fed’s recent pivot toward easing has taken real yields lower — and gold loves that. Non-yielding assets look a lot more appealing when Treasuries don’t pay much. • Geopolitical jitters: The Trump-Xi trade tension reboot has everyone looking for a hedge that doesn’t involve a risk disclaimer the size of a novel. • ETF inflows: Gold-backed ETFs are hoovering up bullion at record pace as everyone seeks exposure to the precious metal. Add in central bank hoarding — especially from China, India, and Turkey — and you’ve got a near-perfect cocktail for demand. 💰 Meme Metal or Market Masterclass? Reddit’s r/WallStreetBets is now flooded with gold posts, some featuring rocket emojis other saying it’s one big bubble. Regardless, the retail crowd is buzzing with memes, showing that the age-old asset has reached its youngest audience. Individual traders are clearly in on the move, and the narrative is simple enough to spread like wildfire — gold is going up, it’s at record highs, and there’s a clean number to chase: $5,000 . Is it rational? Maybe not entirely. If 2021 taught markets anything, it’s that “meme energy” can be a legitimate technical indicator. But it will take more than undergrads buying on their iPads to move this $30 trillion behemoth. ⚖️ The Case for (Even) Higher Prices The $5,000 target — just 20% away — doesn’t sound crazy to gold bulls. Here’s why: • Fed momentum: With the labor market showing signs of cracking, two more rate cuts are priced in for this year. • Central bank accumulation: Global reserves are quietly diversifying away from the dollar. It’s a structural de-dollarization move and (likely) not a phase. • Broader liquidity wave: Investors are flush with cash, even amid the AI boom, and some of that money inevitably spills into gold. 😬 The Other Side of the Coin But before you run to your local pawn shop with diamond hands, it’s worth noting: no rally goes vertical forever. Gold’s RSI has hovered above 70 for weeks — deep in overbought territory. Historically, every time the metal’s gone this far this fast, there’s been a pullback of 10-15% to shake out the latecomers. Add in profit-taking, potential surprise Fed commentary, and a stronger dollar bounce, and you could see a retest of support near $3,850–$3,900. And don’t forget the opportunity cost. When rates eventually bottom, stocks and crypto could start reclaiming their allure. Gold doesn’t pay yield, doesn’t innovate, and doesn’t post memes — it just sits there, shiny and smug. 🥈 The Silver Lining If gold’s story sounds wild, silver’s chart looks even wilder. Silver XAGUSD topped $53.60 earlier this week — up 83% year-to-date — riding on both industrial demand and good old FOMO. ETFs tracking silver have seen some of their largest inflows ever, with some day traders even rotating profits from gold to silver in hopes of juicing returns. When both metals rally together, it usually signals broad market uncertainty — and a collective “we don’t trust anything else right now” mood. Off to you : How are you navigating the gold rush? Are you in already, looking to get in, or calling tops and lower from here? Share your views in the comments!