Technical analysis by LegionQ8 about Symbol PAXG: Buy recommendation (12/17/2025)

Hello traders! Here’s my technical outlook on XAUUSD (Gold) based on the current chart structure. After a corrective phase, Gold established a solid base and transitioned into a bullish recovery, forming higher lows and respecting the rising Support Line. The price previously moved through a consolidation Range, where accumulation took place before a clear breakout confirmed renewed buying momentum. Following this breakout, XAUUSD continued to trade within an ascending channel, showing a well-structured bullish trend. Recently, price pulled back into the Buyer Zone around 4,280, which aligns with the horizontal Support Level and the lower boundary of the rising structure. Buyers successfully defended this area, keeping the bullish structure intact. From this support, Gold has started to rebound and is now pressing higher toward the Seller Zone / Resistance Level near 4,380 (TP1) — a key supply area where sellers may attempt to slow the move. As long as XAUUSD holds above the 4,280 Support, the bullish scenario remains valid. I expect continued upside pressure toward the 4,380 Resistance (TP1). A clean breakout and acceptance above this seller zone would open the path for further bullish continuation. However, rejection from resistance could lead to a short-term consolidation or a healthy pullback back toward support. For now, the structure favors buyers, with 4,280 as key support and 4,380 as the main upside target. Always manage your risk and trade with confirmation. Please share this idea with your friends and click Boost 🚀At the moment, everything is going according to our scenario. The price is heading up along the middle line of the ascending channel.As we can see, there was a very rapid momentum towards our target and the price of gold reached $4,374.