Technical analysis by Mentor_Michael03 about Symbol PAXG: Buy recommendation (10/28/2025)

Current Price Action: Gold is trading around $3,958, with recent volatility creating a sharp dip from previous highs. The price is currently testing levels near the Demand Zone, which has previously acted as a strong buying area. Key Zones Highlighted: Supply Zone (~$4,330–$4,400): This area marks the top where significant selling pressure has emerged, reversing major rallies. Order Block (~$4,000): Noticeable buying volume previously occurred, which could again provide short-term support/resistance. Demand Zone (~$3,830–$3,880): Historically, buyers stepped in around this level, supporting price and igniting upward moves. Technical Overview: Trend: After a period of consistent gains, gold experienced a correction. The current move shows an attempted recovery with a possible bullish reversal signaled on the chart. Projected Move: The annotated path suggests a bounce off the demand zone, targeting the $4,150 region if buyers regain momentum. Watch for a confirmation candle to validate this move. Risk Factors: If the recovery fails, a break below the demand zone could trigger further downside toward $3,831. Market Sentiment & Macro Observations: Strong volatility has introduced uncertainty. US yields are rising, which can strengthen USD and pressure gold. The supply zone will be a crucial test for sustained bullish moves. Trading Plan Ideas: Bullish: Enter long on a clear bullish reversal above $3,950, with targets at $4,080 and $4,150. Initial stops below $3,880. Bearish: If gold breaks below $3,880, watch for momentum toward $3,831 or lower. Conclusion: Gold remains at a pivotal level. The demand zone is key for bulls hoping to see a rebound, but close monitoring is needed due to ongoing volatility and macro headwinds. Confirmation signals are essential before taking strong directional positions.