Technical analysis by AstronautPioneer about Symbol PAXG: Buy recommendation (1/2/2026)

1️⃣ Trendline Primary short-term trend: Bearish. → Price is trading below the descending trendline and below the EMA, sellers remain in control. Structure: Weak technical rebound after a strong dump → lower high has formed, not enough conditions for a reversal. Preferred scenario: Sell with the trend, buy only as a reactive trade at strong support. 2️⃣ Fibonacci 0.618: ~ 4,350 – 4,352 → Confluence with support. 1.0: ~ 4,376 – 4,378 → Strong resistance, confluence of supply zone + EMA + descending trendline. ➡️ As long as price fails to break above 1.0 – 0.618, the bearish trend remains valid. 3️⃣ Resistance 4,350 – 4,352: Short-term resistance. 4,428 – 4,430: Strong resistance (Fibo 1.618 + previous distribution zone). → Ideal area to look for sell setups if clear price rejection appears. 4️⃣ Support 4,304 – 4,306: Near-term support (recent swing low). 4,273 – 4,275: Strong support, structural low — losing this zone increases the risk of an extended breakdown. 📈 Trading Plan BUY GOLD: 4,273 – 4,275 Stop Loss: 4,265 Take Profit: 100 – 300 – 500 pips SELL GOLD: 4,428 – 4,430 Stop Loss: 4,440 Take Profit: 100 – 300 – 500 pips 📍 Bias remains bearish — prioritize selling rallies, buying only reacts at major support.