Technical analysis by Xayah_trading about Symbol PAXG: Buy recommendation (4 hour ago)

This week, international XAUUSD prices continued to move sideways around the $4,000/oz mark and closed the week at $4,001/oz. As the U.S. government remains partially shut down and economic data are incomplete, investors find it increasingly difficult to assess the state of the U.S. economy and its impact on the gold market. As a result, many are seeking opportunities in other markets, including stocks and the U.S. dollar. This explains why gold prices have been trading sideways. Gold’s stability around the $4,000 level reflects an ongoing tug-of-war between fundamental factors — notably strong central bank buying, safe-haven demand, technical profit-taking pressure, and the rebound of the U.S. dollar. Although gold prices may continue to move sideways next week, analysts believe the metal has greater upside potential than downside risk in the medium to long term. 📌From a technical perspective, the current resistance level is around 4,150, while support lies near 3,890. If the price breaks above 4,045, it could recover toward 4,150, and a further breakout could push it up to the 4,250 zone. Conversely, if the price falls below 3,900, it could trigger a sell-off, driving gold down toward the 3,750 area. Notable technical levels are listed below. Support: 3,750 – 3,900 USD Resistance: 4,045 – 4,150 – 4,250 USD SELL XAUUSD PRICE 4151 - 4149⚡️ ↠↠ Stop Loss 4155 BUY XAUUSD PRICE 3955 - 3957⚡️ ↠↠ Stop Loss 3851