Technical analysis by lixing_gan about Symbol PAXG: Buy recommendation (12/17/2025)

Gold prices extended their rally after rebounding from the H4 Fair Value Gap, with additional support from a bullish H1 Fair Value Gap, maintaining the upside bias. Recent data point to a cooling US labor market, with slower wage growth and a rising unemployment rate reinforcing expectations of Fed easing. Alongside steady central-bank buying and firm ETF demand, these factors continue to underpin gold prices. As long as price holds above the H1 bullish Fair Value Gap near 4300, the path remains open for a further push toward the next buy-side liquidity zone. Conversely, closing below the H1 Fair Value Gap may prompt a deeper retracement toward the H4 Fair Value Gap, which is around 4250. By Li Xing Gan, Financial Markets Strategist Consultant to Exness