Technical analysis by KnightsofGold about Symbol PAXG on 1/4/2026

THE KOG REPORT: In last week’s KOG Report to end the year we said we would only be looking for short trades and gave the levels above that we wanted to short from. Price didn’t quite hit our red box level but we got close and upon activation on the indicators and Excalibur we managed to get the trade we wanted, and what a trade it was! We then update traders with the potential low to look for and the retracement trade long up into the red box which was also pin-point successful. As you can see from the chart, it was from there we wanted the RIP, again, level to level, point to point on the indicators for the short to end the week! Another successful week, month and year in Camelot not only on gold but across the numerous other pairs we analyse and trade. So, what can we expect in the week ahead? With NFP this week and a lot of news to start the week, we can expect volatility as usual. Now add the geopolitical news over the weekend and there are chances we open with gaps on the markets. For that reason, we will say we’ll stick with our levels as they work well no matter the market condition, however, expect some choppy movement and potential for the levels to be completed straight away! Below we have immediate support at the 4330 level and below that the bias level of 4320. It’s the 4320 region that needs to be monitored for the break downside, as failure to do so can result in a RIP from there and potential move upside to break above 4335 taking us into the 4355-60 region and above that we should be looking at the 4390-95 region. It’s just above that we’ve highlighted potential for a RIP as these higher levels are lining up with the red boxes and unless we get a break above, we could get the reaction bears will want to see from above for another aggressive move. Now, the caveat. We do have a higher Excalibur active but we want to see how the market opens and how it reacts to the open. Based on the structure at the moment there is a chance for an undercut low which make support lower but, defence is in the way so let’s see how the market opens and wait for the price to do it’s thing. Once we have opening confirmation, we will know how to play it. That’s just the way the game is played team. RED BOXES AND TARGETS: Break above 4340 for 4355, 4365 and 4368 in extension of the move Break below 4320 for 4310, 4304, 4395 and 4390 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOGWorking well so far. RED BOXES AND TARGETS: Break above 4340 for 4355✅, 4365✅ and 4368✅ in extension of the move Break below 4320 for 4310, 4304, 4395 and 4390 in extension of the move