Technical analysis by RLinda about Symbol PAXG: Buy recommendation (12/22/2025)

RLinda
GOLD - We've updated ATH. What's next? A correction?

XAUUSD hit a new all-time high, approaching $4,425, for a bunch of reasons, one of which is increased interest in hedging against geopolitical risks... Fundamental situation: The US has increased sanctions pressure on Venezuela. Israel is considering options for attacking Iran's nuclear program. Russia-Ukraine negotiations show no progress. Weak US data (inflation and employment) have reinforced expectations of two Fed rate cuts in 2026. On Tuesday, US GDP data for the third quarter and durable goods orders are expected, as well as speeches by Fed members, which may adjust short-term dynamics. The combination of geopolitical uncertainty and soft monetary policy continues to support the upward trend. Resistance levels: 4420 Support levels: 4406, 4400, 4380 Any correction is likely to be limited as long as the current fundamental background remains unchanged. However, when entering the market, it is necessary to take into account the level of risk. Buying in the high zone is high risk. We are waiting for a pullback or correction to the indicated zone before making any decisions. Best regards, R. Linda!