Technical analysis by Nyraen about Symbol PAXG: Buy recommendation (12/12/2025)

Macroeconomic conditions still support gold's bullish trend: the Fed has cut interest rates three times in a row, the dollar is gradually weakening, labor data shows a decline in momentum, and geopolitical tensions are boosting demand for safe havens. ETF flows have also calmed, indicating that the current corrections are merely a pause for breathing and not the beginning of a reversal. On the chart, the bullish structure is still evident with higher lows and continued filling of FVG areas — evidence of the continued dominance of institutional funds. The price is currently reacting within the range of 4,260–4,270 FVG, which increases the possibility of a further decline towards a better liquidity area. The 4,240–4,250 range is an ideal consolidation area, while 4,200–4,220 is the strongest support thanks to a large FVG confluence with the previous low. Basic scenario: Rejected near 4,275–4,280 and then retreats to 4,240–4,250 to gather strength. A good response there could push gold towards 4,290-4,310, with the possibility of reaching 4,330 if data like CPI or unemployment claims are supportive. The alternative scenario is to withdraw liquidity towards 4,200-4,220 before a strong rise.