Technical analysis by Lukegforex about Symbol PAXG: Buy recommendation (10/29/2025)

XAU/USD 4H - As you can see I have marked out two potential outcomes for this pair on how I feel price could play out over the course of the next few days, both setups are valid and seem realistic. Setup B is the most likely setup in my eyes and this is because I feel price is exhausted, the Demand in the market is running out, hence the big move to the downside. I feel price will have to come lower in order to pick up more Demand before the next bull run. However price has traded down and into a Demand Zone and we are seeing large amounts of volume being introduced, and with the current state of the US economy the Gold Spot could still just be out-powering the Dollar. Setup A would be following the prevailing trend and overall be a safer option as this market is bullish dominant but its important we wait for entry confirmation before we execute, looking for the break to the upside first followed by a pullback.