Technical analysis by Elite-Forex-Trades about Symbol PAXG: Buy recommendation (1/6/2026)

XAUUSD After the aggressive sell-off, price found strong acceptance near the HTF support around 4,275 and initiated a clean impulsive move upward. The current pullback is corrective in nature and is occurring above trendline support, indicating buyers are still in control. The recovery zone acted as a demand re-entry, and price is now preparing for a potential continuation toward previous highs and liquidity resting above. This is not breakout chasing — this is structured continuation. Key Scenarios ✅ Bullish Case 🚀 As long as price holds above the trendline and recent higher low, continuation toward the previous ATH liquidity is expected. 🎯 Target 1: 4,520 🎯 Target 2: 4,550 🎯 Target 3: 4,580+ (New ATH liquidity) ❌ Bearish Case 📉 A strong 30M close below the rising trendline and failure to hold 4,440 would invalidate the bullish continuation and expose a deeper pullback toward 4,360–4,330. Current Levels to Watch Resistance 🔴: 4,520 – 4,550 Support 🟢: 4,440 – 4,460 Invalidation ❌: Below 4,430 (30M close) ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.