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

Gold Opens the Year Higher as Geopolitical Risk Persists Gold prices started the new year on a positive note, supported by ongoing geopolitical tensions. Rising frictions between Saudi Arabia and the United Arab Emirates, as their proxies clash in Yemen, have increased geopolitical risk, boosting demand for the safe-haven metal. TECHNICAL VIEW (GOLD) The market is currently trading with bullish momentum. Continued strength toward 4406 A break and hold above 4406 would open the path toward 4418 and 4460 However, a short-term corrective move remains possible: Stability below 4406 may support a pullback toward 4377 From this zone, the price may attempt to resume the bullish trend Key Levels Resistance: 4406 – 4418 – 4460 Support: 4377 – 4360 – 4315