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

Technical Analysis (1H Chart) Structure: Gold remains in a strong ascending channel, with price consistently respecting both the upper and lower trendlines. The lower black trendline (marked by blue arrows) has acted as a dynamic support multiple times. The upper black line is serving as a trendline resistance, with potential rejection zones near $4,550–$4,560. Current Pattern: Inside the main channel, a smaller parallel structure (rising wedge/inner channel) is forming — showing potential accumulation or continuation within the trend. This usually precedes a breakout move toward the upper zone of the larger channel. Key Levels: Support: $4,200 – $4,220 (Major support zone)** Current Support Zone: Around $4,250 (near trendline confluence and previous rejections) Resistance: $4,455 – $4,560 (target zone / channel top)** Technical Bias: ✅ Bullish above $4,200 support ❌ Bearish breakdown below $4,200 may open room to $4,100–$4,050 💹 Price Action View Triple rejection from the midline shows short-term liquidity grabs before continuation. Each rejection was followed by higher lows, showing buyers’ defense (sign of demand zone creation). The blue arrows represent areas where price tapped liquidity and rebalanced inefficiencies — typical of smart money retracements before continuation. Next expected move: Price may: Tap once more near $4,250 (liquidity sweep of recent lows) Then rally toward $4,450–$4,550 🧭 SMC (Smart Money Concept) Liquidity & Demand Zones: Liquidity below $4,250 (equal lows) Demand Zone: $4,200–$4,240 → ideal institutional entry Imbalance/FVG: Between $4,300–$4,360, which price may fill before next push Market Structure: Higher Highs & Higher Lows intact (bullish structure) Internal BOS (Break of Structure) on minor pullbacks confirms healthy trend Expectation: Re accumulation phase → move to premium zone (above $4,500) SMC Setup Idea: Wait for liquidity sweep at $4,250 Entry: On bullish BOS on lower TF (M15–M30) TP1: $4,400 TP2: $4,550 SL: Below $4,200