Technical analysis by IvyMorgan about Symbol PAXG: Buy recommendation (10/18/2025)

Gold has seen slight selling pressure recently, but this is a short-term technical correction within an uptrend. Declining trade tensions between the US and China eased flows into gold, while the dollar (DXY) rose, weighing on opportunity costs. Profit taking at $4,300 led to a brief decline, and hawkish Fed expectations kept investors cautious. Technically, support is expected between $4,200-4,220. If it holds, gold could bounce towards the $4,300–4,360 resistance; If it breaks, it may test $4,150 or lower.