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

https://www.tradingview.com/x/92rF1Tmc/ news： The spot gold market has seen a frenzied surge in 2025, breaking historical records 50 times so far and currently holding a firm grip on the $4,300/ounce level. While the market is immersed in bullish euphoria, two opposing viewpoints are clashing fiercely: top investment banks like Goldman Sachs are proclaiming an aggressive target of $4,900 by the end of 2026, while Avi Gilbert, the veteran technical analyst who accurately predicted the 2011 gold price peak, is issuing a fatal warning—this decade-long bull market is nearing its end, and a multi-year bear market is about to begin. The Federal Reserve's interest rate cut cycle provides another layer of support for gold prices. Goldman Sachs predicts that the Fed will cut interest rates by a cumulative 100 basis points by 2026, with the federal funds rate expected to decline significantly before the second quarter. This will continue to enhance the attractiveness of gold as a non-interest-bearing asset. Coupled with global geopolitical risks and concerns about sovereign debt crises, gold's safe-haven properties are being continuously strengthened, making it a core choice for asset diversification. Technical aspects： Gold 4-hour chart: Yesterday closed with another doji candlestick, repeatedly testing 4350 before retreating, but the closing price remained firm above the 5-period moving average, indicating a strong sideways consolidation at high levels. However, caution is advised against a sudden upward surge after this consolidation. Therefore, in the short term, it's recommended to try a bullish approach within the consolidation range, maintaining a core position. A successful break above 4350 would target 4381 and 4400; the higher the price, the harder it is to fall. The current upward trend remains intact. Strategy Signals： Buy ： 4305-4315 stop loss ：4295 target: 4350,4370The 4350 resistance level is key to the upward movement.