Technical analysis by Dynamic_Trade_Strategies about Symbol PAXG: Buy recommendation (12/29/2025)

XAU/USD is trading within a clearly defined ascending channel on the 1-hour timeframe, reflecting a strong bullish market structure. The price action continues to form higher highs and higher lows, confirming sustained upward momentum. Multiple rejections from the upper trendline suggest temporary resistance, while repeated bounces from the lower channel support highlight strong buying interest. The recent pullback found support near the lower boundary of the channel and around the Ichimoku cloud, indicating a healthy correction rather than a trend reversal. Price is now stabilizing and showing early signs of recovery within the channel. As long as price holds above channel support, the bullish bias remains intact. In the short term, XAUUSD may retest 4490 or 4480 before the next impulsive move. A continuation toward the upper channel resistance is expected, with 4565 acting as the next major upside target. If you found this XAUUSD analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬!100+ Pips done