Technical analysis by Henrybillion about Symbol PAXG on 10/16/2025

Technical Overview (1H Chart) Gold continues its strong bullish trajectory within the rising channel, with price currently hovering near $4,237/oz after testing the upper boundary of the trendline. The structure remains supported by a confluence of dynamic EMAs (20/50/100/200), confirming sustained buying pressure. Key Support Levels: $4,120 – $4,130: Short-term EMA cluster support zone $4,048: Mid-term bullish defense area $3,930 – $3,870: Major swing supports if deeper correction occurs Key Resistance Zone: $4,270 – $4,300: Immediate resistance / potential breakout target Above this range, next psychological target sits at $4,350 Trading Outlook: Price action suggests a potential minor retracement toward the EMA20/EMA50 area before resuming the next impulse leg upward. As long as price holds above $4,120, the overall structure favors continuation of the uptrend. Strategy for Today: Buy on dips near 4,180–4,120 Stop Loss: below 4,048 Take Profit: 4,270 – 4,300 – 4,350 Momentum and RSI remain supportive of further upside after short-term consolidation. Market Sentiment: The bullish bias stays dominant as gold benefits from risk-off sentiment and continued demand for safe-haven assets. Any pullback is viewed as a healthy correction within the ongoing bullish channel. - Keep this analysis saved if you find it helpful, and follow for more daily gold trading strategies based on price structure and institutional footprints.