Technical analysis by Kevinn_Nguyen about Symbol PAXG: Buy recommendation (10/23/2025)

👋Hello everyone, what do you think about XAUUSD ? As of writing, gold is trading around $4115, partially recovering from the sharp decline of the past few days. To explain the steep drop in gold prices on Tuesday, there’s no need for any conspiracy theories — the previous meteoric rise was already a big enough reason. Earlier, gold reached extremely high levels, and the rally had matured; any irrational market could fall without a clear reason. Despite this, while gold remains under technical selling pressure after the shock, the market is holding the initial support level above $4,000. After this volatility, it may take longer than expected for precious metals to regain stability. However, it’s still too early to conclude whether this is a "market crash" or just a short-term correction. From a technical perspective, gold is reacting well to the $4000 support I had previously anticipated . If it can hold, the next challenge to watch will be the first resistance zone around $4200 - $4230. As long as the support holds, I’m still betting on an upward trend. What about you? What do you think about gold prices? Will it continue to rise or fall? 💬Leave your thoughts in the comments below!