Technical analysis by Zickey_11 about Symbol PAXG: Buy recommendation (10/23/2025)

Overall Structure The chart shows a rising channel pattern (ascending parallel channel) that gold had been trading within for several days. Recently, price broke below the channel, found support, and is now retracing upward toward potential resistance levels. 🧭 Key Observations 1. Trend Context Previous trend: Bullish, as seen from the steady higher highs and higher lows inside the yellow channel. Recent move: Sharp bearish breakout below the channel, followed by a strong recovery bounce. Current structure: Gold is attempting to retest the lower boundary of the broken channel — a common “break and retest” setup. 2. Support Zone The green arrow marks the support zone around $4,018–$4,040, where the last drop reversed sharply. This area held as strong de… 📊 Trading Outlook Bias: Short-term bullish recovery within a medium-term corrective structure. Buy zone: Above $4,140–$4,150 with confirmation candle. Targets: $4,206 / $4,253 / $4,271. Stop-loss: Below $4,100 (for short-term trades).