Technical analysis by GoldenSpaceship about Symbol PAXG: Buy recommendation (10/21/2025)

Market News: Spot gold prices fluctuated at high levels in early Asian trading on Tuesday (October 21st), currently trading around $4,360 per ounce. Amidst the volatile global financial markets, gold, as a traditional safe-haven asset, has once again demonstrated its unparalleled appeal. Spot gold prices surged by over 2.5%, nearly $160, recouping all of last Friday's losses and reaching a new all-time high of $4,381 per ounce. This strong rebound in London gold prices is driven not only by strong investor expectations for further Federal Reserve rate cuts, but also by continued safe-haven demand and potential uncertainty surrounding the Sino-US trade negotiations. With the US government shutdown entering its 20th day and key economic data releases delayed, the market is highly sensitive. Gold's safe-haven properties are further amplified in the current global economic environment. Internationally, political developments in Japan and the Eurozone are also indirectly impacting the gold market. Investors should closely monitor this week's CPI data, the progress of Sino-US trade negotiations, and next week's Federal Reserve meeting, as these events will directly shape the future trajectory of gold prices. In such volatile times, gold is more than just a metal; it's an anchor of investor confidence. Faced with the potential $5,000 target, rational investment strategies may be the wisest choice at this time. Technical Analysis: Gold remained under pressure throughout yesterday, fluctuating around 4280. However, gold ultimately broke through the US market, driven by safe-haven buying, and surged again. This strong rally demonstrates that, as in previous sessions, gold is undergoing rapid adjustments, demonstrating its consistent strength. While the market is currently volatile, wait patiently for a pullback and continue buying. Returning to the 1-hour gold chart, the moving average continues its upward golden cross, maintaining a buy pattern. Gold prices remain strong in the short term after a strong breakout above 4325 resistance, with gold buying once again breaking through Friday's high. Following the trend, gold once again reached a new all-time high at 4381, closing with a large bullish candlestick pattern. Technically, gold retraced to support at the 5-day and 7-day moving averages, with the moving averages continuing to trend upward. Bollinger Bands on the hourly and 12-hour charts are pointing upward, with the moving averages forming a golden cross, indicating a continued trend-buying pattern. Today's trading strategy remains focused on buying low! Trading strategies suggest buying opportunities when prices dip above the 4320 support level! Trading strategy: Short-term gold buy at 4325-4330, stop loss at 4315, target at 4380-4400; Short-term gold sell at 4420-4425, stop loss at 4435, target at 4360-4330; Key points: First support level: 4352, second support level: 4325, third support level: 4300; First resistance level: 4380, second resistance level: 4396, third resistance level: 4420