Technical analysis by isahebdadi about Symbol PAXG: Buy recommendation (1/5/2026)

Gold is currently in a short-term recovery phase following a sharp sell-off. Price has reclaimed the moving average and is now testing a major horizontal resistance zone around 4400–4410. This area represents a high-probability decision zone. Key observations: •V-shaped recovery after impulsive drop •Price above the moving average •Direct interaction with a key resistance level Key Levels •Major Support: 4320 – 4340 •Immediate Resistance: 4400 – 4420 •Next Major Resistance: 4540 – 4550 Bullish Scenario (Continuation) If price: •Holds above 4400 •Shows acceptance with strong hourly closes Then bullish continuation becomes the dominant scenario. Upside Targets: 4420 → 4480 → 4540 Bullish Invalidation: Hourly close below 4360 Bearish Scenario (Rejection) If price: •Fails to break and hold above 4400 •Loses the moving average again This would indicate a pullback into resistance or a liquidity grab. Downside Targets: 4350 → 4300 Bearish Invalidation: Strong hourly close above 4420 Final Takeaway This is a confirmation zone, not a prediction zone. Acceptance above resistance favors continuation, rejection favors a controlled pullback.