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

Gold Daily – Support Holds, But the System Still Says Wait Gold has now completed what looks like a classic 10 percent pullback inside a secular bull market: a move that tests conviction, not trend. Price found support exactly at the green line, a level that has defined structure since late summer. From a system perspective, however, the setup remains bearish for now. MLR < SMA < Price < BB Center, and PSAR still above price, confirming that momentum hasn’t flipped yet. The interesting part is how this technical pause meets the macro turning point. The Fed just announced another rate cut, lowering rates by 25 bps and signaling more easing ahead. Historically, rate cuts have had a dual effect on gold. In early cycles, they boost risk appetite, sometimes pulling capital into equities first. Later, when easing becomes structural, gold reclaims dominance as real yields compress. That’s why this zone matters. Gold is sitting right where both technical exhaustion and monetary easing collide. A bounce here would fit the larger bull narrative, a rotation from short-term fear back to long-term trust hedging. A breakdown, on the other hand, would tell us the market’s still digesting the new policy shift. Either way, this is a recalibration phase, not a top. Pullbacks like this are the pauses that let bull markets breathe. Bias Neutral-to-bullish, support confirmed, structure lagging, macro tailwinds building. Always take profits and manage risk. Interaction is welcome.