Technical analysis by LegionQ8 about Symbol PAXG: Sell recommendation (10/22/2025)

Hello traders, I want to share with you my opinion about Gold. The market for Gold has been in a strong bullish trend for quite some time, forming a clear upward channel structure. Each impulse has been followed by a short consolidation phase (range), allowing the market to gather liquidity for the next push higher. However, after reaching the key Resistance Level near 4368, the price entered a Seller Zone where heavy supply emerged, triggering a sharp correction. This move broke the short-term market structure and pushed the price down towards the Buyer Zone — an important support area that previously acted as a base for a strong rally. Currently, Gold is trading near the bottom of a descending correction channel, approaching a crucial decision point. I expect the market to make a small corrective move to retest the Resistance Line of this channel, and if rejection follows, it could open the way for another bearish leg toward my TP around 4020. From a broader perspective, this decline still looks like a healthy correction within a major uptrend, so I’ll be watching closely how the price reacts inside the Buyer Zone — it might offer great opportunities for the next bullish impulse later on. Thank you for reading! Please share this idea with your friends and click Boost 🚀The forecast turned out to be quite successful, the price dropped to our take profit zone and closed the position.