Technical analysis by ashif030 about Symbol PAXG: Buy recommendation (12/17/2025)

Gold is currently consolidating after a strong impulsive move, forming a tight range near a key intraday level. Price is holding above short-term support, indicating buyers are defending the zone aggressively. 🔍 Market Structure The overall intraday structure remains bullish after a strong rally from the M15 demand zone. Recent price action shows higher lows, suggesting accumulation rather than distribution. The previous impulsive sell-off has already been absorbed, confirming strong demand at lower levels. 📌 Key Levels Immediate Support: 4,315 – 4,320 This level is acting as a short-term base. As long as price holds above it, bullish bias remains valid. Major Demand (M15): 4,255 – 4,270 A strong demand zone where price previously reacted sharply. This zone is critical for bullish continuation if revisited. Resistance / Liquidity Target: 4,350 – 4,380 Above this range lies untapped liquidity, which is the most likely upside objective. 📈 Trade Outlook As long as price stays above 4,315 , buy-the-dip remains the preferred strategy. A clean break and hold above 4,335–4,340 could trigger a liquidity-driven move toward the 4,370–4,380 zone. A decisive breakdown below 4,300 would invalidate the short-term bullish setup and open the door for a deeper pullback toward the demand zone. 🧠 Bias ➡️ Bullish while above support ➡️ Expect range expansion to the upside once consolidation completes ➡️ Best opportunities during London & New York sessions ⚠️ Patience is key — let price confirm before execution.