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

Market News: Spot gold prices continued their sharp decline in early Asian trading on Wednesday (October 22nd), currently trading around $4,020 per ounce, a drop of nearly $130. Amidst the volatile global financial markets, the London gold price is once again facing a severe test of gold's status as a traditional safe-haven asset. Yesterday, gold prices suffered a sharp drop, plummeting 5.3% in a single day, nearly $300, marking the largest single-day drop since August 2020. This plunge was not an isolated incident, but rather the result of a confluence of factors, including investor profit-taking, weakening safe-haven demand, and subtle shifts in the macroeconomic environment. International gold prices have risen by approximately 60% this year. This "flash crash" not only rattled global investors but also reflected the complex dynamics of international geopolitics, economic policies, and currency markets. In the short term, gold prices may enter a period of consolidation. While this plunge may present a buying opportunity for investors, investors should remain vigilant to potential impacts from inflation data and the Federal Reserve meeting. While gold's safe-haven myth has been temporarily shattered, its core value as a hedge remains unchanged. Amidst continued global uncertainty, rationally allocating gold assets may be a wise choice to weather future storms. Technical Analysis: Gold experienced a historic plunge, with a single-day drop of nearly 400 points. After reaching a high of $4,381 per ounce, the price plummeted to $4,000, a move widely interpreted by the market as a sharp correction from its recent rapid rise. The end of Diwali gold buying demand in India, a rebound in the US dollar, and the absence of US futures market data due to the government shutdown all contributed to the sell-off. The market is showing signs of a bubble, and this plunge is an inevitable correction after the rally has peaked. The subsequent trend will focus on the sustainability of this decline and the price struggle around key levels. Assuming the global macroeconomic backdrop remains unchanged, gold still has upward momentum in the medium to long term, but the risk of sharp fluctuations in the short to medium term has significantly increased. Gold Intraday Trading Strategy: Short-term gold long at 3950-3955, stop loss at 3940, target at 4050-4080; Short-term gold short at 4100-4105, stop loss at 4115, target at 4000-4030; Key Points: First Support Level: 4000, Second Support Level: 3980, Third Support Level: 3955 First Resistance Level: 4080, Second Resistance Level: 4100, Third Resistance Level: 4130