Technical analysis by Henrybillion about Symbol PAXG on 10/17/2025

Gold Price Analysis – October 17, 2025 | XAU/USD Short-Term Outlook Gold continues its strong bullish momentum, extending gains above the 4,300 level after breaking out of the ascending trendline that has guided the market since late September. The recent rally reached a local peak near 4,345 USD, showing signs of temporary exhaustion as buyers start to take profits. Technical Overview On the 1H timeframe, price structure remains bullish, yet a short-term correction could be in play. The last impulse leg formed an over-extended wave, and the current retracement may retest lower supports before resuming the main trend. Immediate Support: 4,280 – 4,300 Next Key Support Zones: • 4,080 (previous breakout base) • 3,962 (Fibonacci 0.382 retracement) • 3,830 (major demand zone) Resistance: 4,450 – 4,455 (local target / expansion level) Trading Scenarios 1. Buy-the-Dip Setup: Watch for bullish confirmation between 4,280 – 4,300. If price stabilizes here, bulls could target 4,450 with stops below 4,270. 2. Correction Scenario: If momentum fades and 4,280 breaks decisively, a deeper correction toward 4,080 – 3,960 is likely before the next wave up. Indicators & Confluence EMA structure: Still stacked bullishly. RSI: Overbought but holding above 60, suggesting trend strength. Fibonacci & trendline confluence: Aligns near 4,080, reinforcing the “buy-on-dip” bias. Summary: Despite short-term pullbacks, gold’s macro trend remains bullish, supported by strong momentum and rising demand for safe-haven assets. Traders should look for retracement entries rather than chasing tops. Follow for more intraday strategies and Fibonacci-based trade ideas. Save this post if you find it useful — consistency builds mastery.