Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (19 hour ago)

XAUUSD remains supported above the trendline after rejecting lower prices, with recent pullbacks failing to break the higher-low sequence. Price is compressing beneath the upper resistance band, suggesting absorption rather than distribution, while the broader structure still favors continuation within the ascending channel. Momentum has cooled, but selling pressure appears contained so far. If buyers continue to protect the 4,300 support cluster, gold could gradually push back toward the 4,360 resistance area, where a breakout attempt may emerge. Sustained acceptance above that zone could open room for a renewed extension higher. ➡️ Primary scenario: support holds at 4,300 → advance toward 4,360. ⚠️ Risk scenario: a decisive breakdown below 4,275 may weaken the bullish structure and shift focus back to deeper support. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!