Technical analysis by Momonoo about Symbol PAXG: Buy recommendation (12/16/2025)
Gold Pulls Back from 4,350 as Uptrend Remains Intact
After reaching a peak at 4,350 USD per ounce, gold quickly corrected to the 4,306 area. This decline appears to be technical in nature, occurring precisely within the Fair Value Gap (FVG) zone and near short-term resistance, without any clear signal of a trend reversal. From a broader perspective, profit-taking pressure emerged following an extended bullish run, while market sentiment shifted modestly toward a risk-on stance amid positive signals from Russia–Ukraine negotiations. Although a weaker DXY and falling US Treasury yields around 4.18% typically provide support for gold, short-term profit-taking temporarily dominated price action. At the same time, crude oil prices slipping to around 56.5 USD per barrel eased inflation expectations to some extent, slowing capital inflows into gold in the near term.