Technical analysis by Gold-Thoughts-by-Selena about Symbol PAXG: Buy recommendation (1/6/2026)

XAUUSD Price previously rejected from the upper channel resistance, triggering a deep correction. That correction formed a range-out zone, where sellers failed to continue downside. The breakout from this range indicates re-accumulation, not distribution. Current price action is a pullback into a previous intraday demand / breakout retest zone, which aligns with the channel midline — a high-probability continuation area. This is not a random buy. This is structure-based continuation. Key Scenarios ✅ Bullish Case 🚀 If price holds above the highlighted demand zone and respects channel support, continuation toward HTF highs is expected. 🎯 Target 1: 4,500 🎯 Target 2: 4,540 🎯 Target 3: 4,580 (HTF resistance / liquidity) ❌ Bearish Case 📉 A strong 1H close below the demand zone and channel support would invalidate the bullish continuation and suggest deeper correction toward 4,300. Current Levels to Watch Resistance 🔴: 4,500 – 4,560 Support 🟢: 4,420 – 4,440 Invalidation ❌: Below 4,400 (1H close) ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.new ath pending boom soon