Technical analysis by David_Thompson_9 about Symbol PAXG: Buy recommendation (1/5/2026)

Driven by escalating geopolitical tensions, market risk aversion surged, causing gold prices to open higher and continue rising on Monday, perfectly aligning with previous assessments. As of now, gold prices have successfully broken through the $4,420 mark, achieving an unexpected surge. From a technical perspective, the repeated price fluctuations and pullbacks in the early stages were essentially a consolidation and shakeout process, intended to digest profit-taking pressure and lay a solid foundation for further upward movement in the future. From a fundamental perspective, multiple positive factors are converging, solidifying the long-term upward trend: the continued escalation of geopolitical conflicts is driving safe-haven demand; the accelerated pace of global central banks increasing their gold holdings is providing support for allocation-oriented buying; miners' hoarding and reluctance to sell are further tightening supply; coupled with rising expectations of easing monetary policy from the Federal Reserve, multiple factors are jointly driving the upward momentum of gold. In terms of timing, a bullish approach is recommended for the first half of the week, while caution is advised in the second half due to the risk of increased volatility resulting from the release of key economic data. After breaking through the key resistance level of 4400, the market is consolidating at a high level today, which is a typical strong correction pattern of time trading for space. Support levels to watch are 4380, 4365, and 4275. The trading strategy should focus on buying on dips. Resistance levels to watch are 4440 and 4450. If this range is broken, gold prices could potentially challenge the 4500 level. XAUUSD GOLDG2026 XAUUSD GOLD XAUUSD