Technical analysis by MR_gold2 about Symbol PAXG: Buy recommendation (10/28/2025)

Congratulations on your success in a previous analysis Where I mentioned when breaking 3970, direct selling in the direction of 3880-3850 now First: General technical analysis The price continues within a strong bearish channel defined by two parallel diagonal lines. But now we notice that the price is approaching the lower border of the channel + a critical demand area between 3,910 – 3,880, This area is considered a pivotal testing point that may determine the next trend (bullish retracement or extended break towards 3,850). 📉 The general trend on the hourly frame is still sub-bearish, but the momentum has begun to slow down as shown by the lower indicator (receding red bottoms). 🔹 Second: Wave analysis Through internal waves: •The movement from 4,420 to 3,910 can be classified as a Y wave within a W–X–Y corrective pattern. •Wave Y is currently approaching its end, and the most likely possibility is that we are approaching a final corrective bottom before the start of an upward rebound wave (a new Z or A). 📍 If the price breaks 3,880 with an hourly close → a deeper corrective expansion to 3,849–3,820 begins. 📍 As for stability above 3,910 with a reversal candle → it indicates the beginning of the bullish corrective wave towards 4,060 then 4,150. 🔹 Third: Fibonacci Time analysis •The current time cycle indicates a reversal point between October 28-29 (today and tomorrow). •This corresponds to the end of the potential Y wave. •The next cycle extends until November 2-3, which will likely be a temporary peak if the rise begins. 🔹 Fourth: Digital analysis 3,910 First support Bottom border of the channel + start of an order 3,880 Second support Fibo 78.6% of the previous wave 3,849 Pivotal support Strong liquidity concentration area 4,060 First resistance FVG area is not closed 4,150 Resistance again The middle of the down channel 4,230 Strong resistance The upper border of the channel ⸻ 🔹 Fifth: Fundamental analysis •The market is currently reacting to the strength of the US dollar after the Federal Reserve’s recent statements calling for caution. •Markets await PCE inflation data and NFP jobs data next week. •Any decline in employment or inflation data will support gold’s strong rise. ⸻ 🔹 Sixth: Price action •Last candles show price rejection below 3,910. •The appearance of a long lower tail = the possibility of the beginning of selling absorption. •If the current hourly candle closes above 3,930 it will be an initial confirmation of the start of a rebound. ⸻ 🔹 Seventh: Supports and resistances Supports: 3,910 – 3,880 – 3,849 – 3,820 Resistors: 4,060 – 4,150 – 4,230 ⸻ 🔹 Eighth: Technical models •The downward channel still controls the movement. •A falling wedge pattern has begun to form inside the channel, and it is usually a bullish reversal pattern. •Breaking the upper border of the wedge near 3,970 → the first strong technical signal for a rebound. ⸻ 🔹 Ninth: Digital and harmonic models A possible Bullish Bat pattern is currently forming: •X = 4,420 •A = 4,080 •B = 4,250 •C = 4,060 •D = 3,850 (golden buy zone) Any rebound from 3,850–3,880 confirms the completion of the pattern and the start of a strong rise towards 4,150–4,250. ⸻ 🔹 Tenth: Supply and demand areas •Demand zone: 3,880 – 3,850 (very critical) •Display area: 4,150 – 4,230 ⸻ 🔹 Eleventh: Fixation points and the pivotal area •Current pivot point: 3,919 •As long as the price is below it, the trend remains temporarily bearish. •Breaking it and holding above it = a transition to the short upward trend. ⸻ 🔹 Recommendation (according to current data) 🎯 Basic Scenario – Buying from Demand Zones: •Entry: 3,880 – 3,850 •Stop loss: 3,820 Objectives: 1️⃣ 4,060 2️⃣ 4,150 3️⃣ 4,230 🎯 Alternative scenario – sell if 3,849 is broken at an hourly close: •First target: 3,780 •Second goal: 3,720 Important note We do not provide you with financial and investment advice Rather, we provide you with scientific and educational content You are the only person responsible for pressing the buy and sell button analyst Engineer Ihab Sayed Al Thahab channel