Technical analysis by Trade_and_Chill- about Symbol PAXG: Buy recommendation (12/30/2025)

At the close of trading on December 29, gold plunged 201 USD to 4,331 USD. In the following session on December 30, prices edged slightly higher to around 4,350 USD. The precious metal had set a new peak late last week at 4,548 USD, but the rally was quickly reversed. This move is largely attributed to aggressive profit-taking and year-end liquidation by short-term futures traders. So far, although gold has shown some short-term volatility on the chart, the magnitude remains manageable. However, strong selling pressure may persist today and tomorrow, potentially leading to more significant price swings—especially if the current price channel is decisively broken. If gold rebounds sharply in the coming days, today’s low could become the latest reaction low within the broader uptrend. In other words, price action over the next two sessions will be critical in determining gold’s direction in the weeks ahead. From a technical standpoint, the next upside objective for February gold futures bulls is a break above the strong resistance at the record high of 4,548 USD. On the downside, bears are aiming to push prices below the key technical support at 4,200 USD. What’s your view on where XAUUSD is heading next? Share your thoughts in the comments.