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

Market Structure Overall Bias: Bullish continuation Price transitioned from a descending channel (left side) into a strong impulsive rally, confirming a trend reversal to the upside. Current structure shows higher highs and higher lows, respecting an ascending trendline (“trade line”). Key Levels Support Zone: 4300 – 4310 Multiple successful retests Acts as a demand zone and trend continuation base Dynamic Support: Rising trendline from the Dec 11 low Resistance Zone: 4355 – 4365 Clear supply area with prior rejection Upside Target: 4365+ Liquidity resting above resistance, aligned with projected breakout path Price Action Insight After the impulsive move up, price entered a healthy consolidation above support. No strong bearish follow-through—suggests accumulation rather than distribution. Wicks below support are being bought aggressively, reinforcing bullish intent. Trade Outlook Bullish Scenario (Preferred): Hold above 4300 Continuation toward 4355 → 4365 Break and close above resistance opens room for new highs Bearish Risk: Clean break and close below 4300 Loss of trendline could trigger pullback toward 4275 → 4200 Conclusion Gold remains bullish on the 1H timeframe, supported by strong structure, clear demand, and ascending momentum. As long as price holds above the 4300 support zone, the probability favors a push into the 4360 resistance and potential breakout.