Technical analysis by Ali-Traders-Pro about Symbol PAXG on 1/6/2026

📊 XAUUSD (Gold) — Higher Timeframe Structure & Outlook 🟡✨ 🔍 Market Structure Overview Gold remains in a strong bullish market structure, printing higher highs and higher lows over the recent sessions. The overall trend bias is clearly bullish as long as price holds above key demand areas. 🟨 Key Zones Explained 🔴 Major Resistance (Upper Range): Price is currently approaching a critical supply / resistance zone near the previous highs. This area has rejected price before, making it a decision zone. 🟪 Consolidation Zone (Mid-Range): The highlighted purple box represents a previous consolidation and accumulation area. This zone acted as a base for the last impulsive bullish move and remains a strong support on pullbacks. 🔻 Major Support (Lower Range): The lower red zone marks a higher-timeframe demand area. A break below this level would weaken the bullish structure, but for now it remains well protected. 📈 Bullish Scenario (Primary Bias) 🚀 If price breaks and holds above resistance, continuation toward new all-time highs is likely. A pullback and higher low formation near resistance-turned-support would confirm bullish continuation. The projected wave structure suggests volatile but upward expansion after a brief correction. 📉 Corrective Scenario (Healthy Pullback) 🔄 Rejection from the upper resistance could lead to a controlled pullback into the consolidation zone. As long as price respects the consolidation support, this move would be considered bullish retracement, not reversal. 🧠 Technical Conclusion ✔ Trend: Bullish ✔ Structure: Higher Highs / Higher Lows ✔ Strategy: Buy the dip above consolidation ⚠ Watch for: Reaction at resistance