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

Dear Traders, 🔹 Technical Analysis Gold is trading within a strong ascending channel and has recently broken above its previous All-Time High (ATH), confirming bullish market structure and strong buyer momentum. After the breakout, price is currently consolidating above the former resistance, which now acts as key support — a classic bullish continuation setup. Key Technical Levels Major Support: 4350 – 4372 (Breakout & Retest Zone) 4200 4040 Major Resistance / Supply Zone: 4440 – 4480 Above that: 4600+ Market Structure Higher highs & higher lows → Bullish trend intact ATH breakout → Momentum continuation likely RSI is near overbought but still healthy for a trending market Trade Scenarios 📌 Bullish Scenario (Preferred) Buy on pullback to 4350-4372 Targets: 4440 → 4500 → 4600 Stop loss: Below 4270 📌 Bearish Scenario (Invalidation) If price closes below 4315 Sell targets: 4200 → 4040 Stop loss: Above 4380 📊 Fundamental Analysis 🔼 Bullish Fundamentals Expectations of Federal Reserve rate cuts continue to weaken the US Dollar, supporting gold prices. Safe-haven demand remains strong amid global geopolitical and economic uncertainty. Central bank gold purchases are increasing, providing strong long-term demand. A softer US Dollar Index (DXY) directly benefits XAUUSD. ⚠️ Risk Factors Short-term technical correction after a strong rally is possible. High-impact US data (CPI, PCE, NFP) could increase volatility. Any sudden USD strength or risk-on sentiment may cause pullbacks. Regards, Alireza!