Technical analysis by Kevinn_Nguyen about Symbol PAXG on 10/22/2025

👋Hello everyone, let’s take a look at XAUUSD and see what’s happening! At the time of writing, the precious metal continues to move within a downward wave. At one point, gold dropped close to the $4,000 mark, down more than $350 compared to the same time in the previous session — a decline of nearly 5%. This marks the sharpest drop after nine consecutive weeks of gains. The main reasons behind this move are the strengthening U.S. dollar, profit-taking pressure, and diminishing caution as U.S.–China trade tensions show signs of easing. In addition, optimism over the potential reopening of the U.S. government, reduced political uncertainty, and improving trade sentiment have lessened investors’ urgent demand for safe-haven assets like gold. From a technical perspective: Gold had previously fallen after forming a double-top pattern, breaking through several key support levels. It is now reacting around $4,100, gaining temporary momentum from the $4,000 support zone. In the short term, I expect a minor rebound before the downtrend may resume, but from a medium to long-term view, I remain optimistic, supported by expectations that the Fed will soon ease monetary policy, Trump’s tariff measures, and continued gold buying by central banks. What about you — how do you see gold’s next move today? 💬Share your thoughts in the comments below. Good luck and happy trading!