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

Gold opened the year on a positive note, advancing nearly 500 pips so far. While such a move may no longer feel spectacular in today’s highly volatile environment, its significance comes from two key factors: Price has broken back above the 4350 resistance zone, reclaiming an important technical level. The rally followed a clean reversal from the trendline support during the final trading session of 2025 — a technically meaningful reaction. ❓ The Big Question: Is the Correction Finished? It may still be too early to draw a final conclusion, especially given the low liquidity conditions at the start of the year. However, price action so far is encouraging for the bulls. For now, the line in the sand sits at: 👉 4300 support As long as buyers manage to defend this level, the market maintains a strong probability of: ➡️ retesting the 4450 resistance zone 📌 Trading Plan (Cautious Start of Year) Given the current conditions, I will: - trade with very low position size - remain patient - look to buy dips into support The market still needs to confirm momentum — but for now, the structure remains constructive for the bullish side. 🚀4450 hit