Technical analysis by MMBTtrader about Symbol PAXG: Buy recommendation (10/31/2025)

Gold has initiated a short-term corrective phase, with technical indicators suggesting potential for further downside in the immediate term. However, this near-term weakness does not alter our constructive long-term fundamental and technical outlook. The broader macroeconomic backdrop, including factors such as central bank demand, inflationary pressures, and geopolitical uncertainty, continues to support a structurally bullish thesis for the asset. Based on this macro-technical analysis, we project a sustained upward trajectory over the coming months. The primary long-term target remains the $5,000 per ounce level, which we view as a feasible objective within the current global economic cycle. DISCLAIMER: ((trade based on your own decision)) <