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

Dear Traders, XAUUSD (Gold) Technical Analysis – 30-Minute Timeframe 📅 December 24, 2025 Market Structure The short-term trend is bullish. Price is moving inside a well-defined ascending channel (blue lines). A rising trendline (black) is acting as a dynamic support. Key Levels Major Support Zone: Highlighted blue box around 4450 – 4460 This zone represents: Lower boundary of the ascending channel Strong horizontal support Previous reaction area Resistance Levels: Minor resistance: 4500 – 4510 Major resistance: 4550 – 4560 (upper boundary of the channel) Possible Scenarios 🔹 Bullish Scenario (Primary Scenario) Price pulls back toward the 4450–4460 support zone Support holds and a bullish reversal candle forms (Pin bar / Engulfing) Price resumes upward movement toward: Target 1: 4510 Target 2: 4550 – 4560 (channel high) 📌 This scenario aligns with the overall bullish market structure and has a higher probability. 🔹 Deeper Correction Scenario (Less Likely) A strong breakdown below 4460 with candle close Price exits the ascending channel Further downside correction (not confirmed yet) Trading Summary Market Bias: Buy on dips Best opportunities: Long entries near channel support Short positions only if: Support breaks clearly, or Strong rejection appears at channel resistance with confirmation Regards, Alireza!Trade Active+800 pips from level