Technical analysis by TheodoreSilas about Symbol PAXG: Buy recommendation (10/17/2025)

https://www.tradingview.com/x/UUq4iW09/ News： Spot gold soared to another all-time high during U.S. trading on Thursday (October 16). Amid growing geopolitical and economic uncertainties, safe-haven demand continued to be strong, pushing gold prices deeper into uncharted territory. Market Drivers: Trade wars, expectations of Fed rate cuts, and the government shutdown have kept markets on edge. Federal Reserve Governor Christopher Waller said Thursday that "another rate cut is the right approach," noting that conditions haven't changed much in the past six weeks and that the neutral rate is likely 100 to 125 basis points below the current federal funds rate. On the monetary policy front, markets remain confident that the Fed may cut interest rates further before the end of the year. Specifically: Gold bulls remain firmly in control as the yellow metal extends its record-breaking rally without showing any signs of exhaustion. Prices are comfortably above both their short-term and long-term moving averages, reflecting strong underlying momentum and sustained buying interest. Trading strategy: Buy: 4280-4275, SL: 4295, TP: 4350-4390Stop loss correction: 4265