Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (10/19/2025)

The price perfectly fulfilled my previous weekly idea . XAUUSD market continues to navigate through considerable volatility as it pulls back from the recent spike that tested zone below the $4,400 resistance zone. After achieving a new all-time high, the metal is now experiencing natural selling pressure and technical correction, bringing some gravitational force into the equation. Despite this near-term weakness, the underlying trend structure remains constructively bullish, suggesting any substantial decline could present attractive entry opportunities for those seeking value. The technical landscape reveals gold trading within a well-defined upward channel that has guided the rally since late September. The recent rejection from resistance has brought price action back toward the mid-channel area around $4,200, which aligns with the previous Monday high below and represents a crucial inflection, optimal entry point. The triangle pattern that formed during the consolidation phase earlier in the trend provided the springboard for the explosive breakout, and now the market may repeat this pattern, creating continuation formation. The key support zone sits at $4,130-$4,135, and holding above this level would keep the bullish structure intact for another potential test of $4,400 and beyond toward the $4,500 projection zone. However, failure to hold could trigger deeper correction toward the lower channel boundary near $4,000 or even the stronger support at $3,730-$3,780, which would actually offer more compelling risk-reward for strategic accumulation. The coming week will clarify whether this represents healthy digestion or something more corrective in nature. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!XAUUSD remains in a strong uptrend as price retests the upper boundary of its channel after reaching a new all-time high near the 4,400 resistance zone. The structure shows multiple higher highs and an ascending channel that continues to hold momentum. A clean rebound from the 4,160–4,180 area could validate the continuation toward 4,400 and possibly beyond. With a stable structure and no major reversals confirmed, the market outlook stays bullish within the broader uptrend. ⚠️ Risks: - Failure to hold above 4,160 may trigger a deeper pullback. - Strong CPI data could weigh on gold prices. - Profit-taking near ATH zones could cause short-term volatility.