Technical analysis by Lingrid about Symbol PAXG: Buy recommendation (12/21/2025)

XAUUSD push toward the $4,400 psychological barrier encountered resistance, stalling just shy of a decisive breakout as market momentum softened ahead of the year-end holidays. This is not a reversal, but a classic consolidation—a necessary pause to digest gains and reset for the next leg higher. Price action reveals a textbook bullish pattern: a series of higher lows and higher highs within a well-defined upward channel, with each consolidation phase acting as a springboard for the subsequent expansion. The recent pullback is precisely the kind of healthy correction that strengthens the trend, offering strategic entry points for those aligned with the macro narrative. Zooming into the technical structure, the price action confirms a powerful uptrend. The key support level at $4,270 has held firm, acting as a critical pivot point where buyers have consistently stepped in. Above this zone serves as both dynamic support from the upward trendline and the base of the current consolidation range. A decisive close above $4,350 would invalidate the short-term resistance zone and signal a resumption of the explosive expansion phase, targeting $4,450 with strong conviction. Conversely, a drop below could trigger a deeper correction toward $4,200, but even then, the broader uptrend remains intact as long as that major support holds. The path forward is clear: patience and precision. Keep an eye on the 4H chart for a bullish engulfing or hammer candlestick formation near support as a high-probability entry signal. Remember, gold’s bull market is structural, not cyclical—it’s fueled by systemic global uncertainty. This holiday-season lull isn’t weakness; it’s the calm before the storm. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!XAUUSD remains bullish after reclaiming the former October high, with price trading above the 4,350 zone and respecting the rising channel structure. As long as price stays above the ascending trendline, upside pressure will persist. If demand continues to defend the 4,350 area, price could gradually rotate higher toward the 4,500 level, where the next liquidity pocket sits. This consolidation phase below may act as a launchpad rather than a distribution top. ➡️ Primary scenario: hold above 4,350 → continuation toward 4,500. ⚠️ Risk scenario: sustained acceptance below 4,320 may weaken momentum and trigger a deeper pullback toward 4,250.