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

By analyzing the #XAUUSD (Gold) chart on the 1H timeframe, we can see that after the previous bullish structure, price respected the higher-low formation and continued to trade higher, pushing strongly toward the 4,545 – 4,550 region, which is marked as a major resistance / liquidity zone on the chart. Following this impulsive upside move, Gold is now showing signs of short-term exhaustion, with price reacting just below the recent highs. The market is currently trading around the 4,430 – 4,440 area, where we can observe multiple reactions and minor pullbacks, indicating that buy-side liquidity above has been partially tapped. This move has created a short-term liquidity imbalance, and based on the current structure, a pullback or consolidation is expected before any sustained continuation higher. As projected on the chart, price may retrace toward the 4,400 – 4,405 support zone, which aligns with prior structure and a strong demand area. A deeper corrective move could also extend toward the 4,300 – 4,305 support, where previous demand and liquidity are resting. As long as price holds above this key demand zone, the overall structure remains bullish, and any downside movement should be treated as a healthy correction rather than a trend reversal. A successful hold and reaction from support could open the path for another push toward 4,475, followed by a potential retest of the 4,545 – 4,550 highs. This analysis will be updated as price reacts at the highlighted levels. Please support me with your likes and comments to motivate me to share more analysis, and feel free to share your view on whether Gold will continue higher after the pullback or reject from this resistance zonUpdate Note : It is seen that price corrected and mooved back to level 4454 continuation is in process stay tuned.As per analysis Idea worked well , 4473 level reached , For now price is building foot back to come again in rise to kiss our second level ,