Technical analysis by IvyMorgan about Symbol PAXG: Buy recommendation (10/20/2025)

Gold declined after reaching the historical peak near 4,380–4,400 USD/oz, and this decline is considered a healthy correction movement within a general uptrend. On the technical chart, initial support stands out at 4,220–4,240 USD near the edge of the Ichimoku cloud. A temporary weakness in momentum is showing with lower tops and bottoms forming, while the USD 4,280–4,310 area represents a fair value gap forming potential resistance. On the fundamental side, pressure from profit taking, dollar strength consolidation and rising US bond yields continue to limit momentum. Expectations regarding Fed rate cuts are not yet clear, which supports continued volatility. The price remaining above 4,200 USD maintains the positive trend structure, while breaking this level may push prices towards 4,150 USD.