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

Despite growing warnings about a speculative bubble, gold continues to quietly rise towards the $4,400 per ounce level, breaking all previous records. With the Federal Reserve likely to continue lowering interest rates, as well as the risk of a prolonged US government shutdown, smart capital is still turning to gold as a safe haven. On the H4 time frame, the chart shows that buyers still dominate the scene. Every time the price touches the trend line, the buying force reappears and pushes the price higher. The $4,270 level is currently the main defense line for the uptrend, and if support continues at this level, gold may retest the $4,430–4,480 resistance area. Overall, the uptrend is still the dominant tone in the market, and any correction at the moment looks like just a slight pullback before gold continues its journey towards new highs.