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

Yesterday, gold prices rose to 3970 after breaking through 3950, then quickly fell to 3909, just hitting our stop-loss before dropping further. This was incredibly frustrating; we lacked a bit of luck, otherwise it would have been another big profit. Today, the rebound in gold has continued, breaking through the 4000-4010 resistance zone. Once this zone is broken, resistance will turn into support. Given the recent volatility and sharp fluctuations in gold prices, I do not recommend chasing the rally. If you want to enter the market, you should at least wait for a pullback to the 4000-4010 range before considering it.The 4000 level has been broken again; do not enter long positions. Observe the support at 3980. If it does not break, consider whether to enter a position.