Technical analysis by David_Thompson_9 about Symbol PAXG: Buy recommendation (1/8/2026)

Although gold prices have not yet broken through the key resistance level of 4,500, the overall trend is clear, and the current trend is showing an overall upward fluctuation. The key focus for future price movements will be on whether the resistance levels of 4500 and 4550 are broken. Once these levels are breached, the bulls will likely begin a new round of one-sided upward movement. Previously, it was predicted on Wednesday that gold would likely maintain a volatile pattern before and after the release of the ADP data, and the actual trend did indeed meet expectations, showing a volatile upward trend. Gold prices fluctuated widely between 4422 and 4470 that day, and new changes appeared in the short-term technical pattern: 4422 formed a short-term bottom, and 4440 formed a double bottom support structure. Therefore, the low point of the recent upward movement has shifted from the previous double bottom at 4400 to a double bottom at 4440, showing a significant upward trend in the bottom. From a long-term technical perspective, the bullish trend remains strong on the daily and 4-hour charts, and the price did not break below the key support level of the Bollinger Middle Band during Wednesday's pullback. Based on the above technical structure, the recommended trading strategy for Thursday is to primarily buy on dips. Long Position Strategy Entry Range: 4400-4410 Stop Loss: 4390 Target: 4470, hold if it breaks through XAUUSD GOLD XAUUSD GOLD XAUUSD