Technical analysis by RLinda about Symbol PAXG: Buy recommendation (12/24/2025)

XAUUSD reached a new historic high of around $4,525. However, profit-taking is causing a correction, with the 4,475-4,470 range being the area of interest in the bull market. The dollar is weakening, with the market anticipating two rate cuts in 2026. Geopolitical risks are supporting demand for safe-haven assets. Positive US GDP data for Q3 (+4.3%) did not support the dollar due to expectations of a slowdown in growth in Q4. The dollar index has hit its lowest level since early October. Today, US jobless claims data will be released, which may increase volatility. The overall positive sentiment in the stock markets is holding back more active growth in gold. The upward trend in gold continues. Any significant correction is likely to be seen as a buying opportunity, given the Fed's accommodative monetary policy and geopolitical uncertainty. Resistance levels: 4500, 4525 Support levels: 4475, 4470, 4466, 4452 Focus on the current trading range of 4475-4525. A false breakdown of support could attract buyers waiting for favorable prices. I do not rule out a retest of 4452-4442 before growth (against the backdrop of aggressive profit-taking). Best regards, R. Linda!Local timeframe 1H - 15M - overview of the situation The price is in a wide channel of 4450 - 4500. At the moment, we are interested in the local channel of 4475 - 4500 and the downward resistance formed from the ATH. If the bulls hold their defense above the 4475 support, there may be a bullish run relative to this border with an attempt to break through the downward resistance, which in turn will confirm the end of the correction, and we can expect an upward movement with a struggle for the 4488 - 4499 zone... However, I do not rule out that before further growth, the market may fall below 4475. An important zone below is 4470 - 4460. The trend is local, global - bullish, the fundamental background is positive at the moment. Any corrections can sharply change the direction to upward...