Technical analysis by asilturk about Symbol PAXG: Sell recommendation (1/5/2026)

We see that Gold, which misled us greatly in past charts, is currently moving at $4,427. Gold continues to maintain its rising trend globally due to developments in national markets and war policies. In the previous chart, I stated that I was of the opinion that it would be correct to wait below $4000 levels. However, we see that the strong monthly trend continues for gold, but I think it is worth noting that a sharp break and sales wave is inevitable. While gold continues to move in the upper band of the rising regression channel, I predict that it will return to the linear regression channel in the coming months. I believe that gold, which technically continues to move in the overbought zone close to the monthly super trend, will gradually move towards the $4,000 level and that there will be a harsher selling pressure below the $4,000 level. As a result, while I was expecting movements below $4,000, I think that gold, which continues to rise to $4,500 levels, may move between the $4,500-5000 price band for a while, considering the speculative rises in the national markets, but it will retreat to $4,000 levels with sharp profit sales. I wish you good luck.