Technical analysis by Lioren_Blackwell_l about Symbol PAXG: Buy recommendation (10/22/2025)

After the strongest decline in five years - the “drain” that shook the gold market - it seems that gold (XAUUSD) is starting to regain its breath again. Selling pressures have temporarily subsided, and the area around 4060 has become a strong support area that restores confidence to buyers. On the chart, the price reached a technical bottom and paused at a strong demand zone, with signs of a short-term consolidation pattern emerging. If the buying momentum continues, gold may be heading to test the downtrend line near 4200 – where the situation will be decided to see if buyers are able to change the trend or not. Although the global mood has become calmer after Trump's conciliatory statements, uncertainty remains. Therefore, a mild technical bounce higher seems a realistic possibility – just as gold used to do after every violent sell-off.