Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (12/19/2025)

Gold remains in a bullish consolidation phase. From the current range, price may test nearby support before bullish momentum resumes. Technically, gold prices slipped in early trading due to a firmer U.S. dollar. However, the metal is on track for a weekly gain following lower-than-expected U.S. inflation data, which has reinforced expectations of further Federal Reserve rate cuts while short-term pressure persists, the fundamental backdrop does not support a trend reversal. Overall market structure remains bullish. If buyers defend the 4,300 support, a breakout above 4,360 could open the path toward 4,390, aligning with the projected bullish scenario shown on the chart However, failure to hold this support may lead to a deeper pullback before the next directional move may price could test the support before growth continue.