Technical analysis by FM-ForexMastermind about Symbol PAXG: Buy recommendation (10/20/2025)

🔔🔔🔔 Gold news: ➡️ Gold continued its intraday recovery, trading around $4,360 per ounce and marking a new daily high. ➡️ Concerns over economic risks stemming from escalating U.S.–China trade tensions, geopolitical uncertainties, and the prolonging U.S. government shutdown has weighed on investors — factors that continue to fuel sentiment demand for the safe-haven metal. ➡️ Additionally, growing expectations that the Federal Reserve (Fed) may deliver two more rate cuts this year have further supported gold, which offers no yield. ➡️ Meanwhile, the Fed's dovish stance has pushed the U.S. Dollar (USD) lower for a fourth consecutive day, hitting its lowest level in a week and a half, adding extra momentum to gold prices. Personal view: ➡️ The accelerating momentum of XAU/USD appears to be slowing as the market approaches overbought territory. However, given the prevailing favorable factors, any potential pullback could still be seen as a buying opportunity, with the overall bullish outlook remaining intact. ➡️ Analysis based on support resistance levels and trend lines combined with Elliot waves to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy Gold 4300 - 4297 (Scalping) ❌SL: 4292 | ✅TP: 4305 - 4310 – 4315 👉Sell Gold 4374 - 4377 (Scalping) ❌SL: 4382 | ✅TP: 4370 - 4365 – 4360 FM wishes you a successful trading day 💰💰💰My plan was on track. Hit Full TP + 170 pips from Sell 4377 setup successful