Technical analysis by Gold-Thoughts-by-Selena about Symbol PAXG: Buy recommendation (1/8/2026)

XAUUSD XAUUSD After rejecting from the upper channel resistance, XAUUSD entered a controlled pullback rather than a breakdown. The correction shows decreasing bearish momentum, suggesting sellers are losing strength while buyers are defending the demand zone. This behavior aligns with a healthy retracement within an overall bullish structure. Key Scenarios ✅ Bullish Case 🚀 If price holds above the demand zone and shows continuation, upside targets remain active: 🎯 4,460 🎯 4,490 🎯 4,550 (HTF resistance) ❌ Bearish Case 📉 A strong breakdown and close below the demand zone would invalidate the bullish setup and open the door for deeper correction. Current Levels to Watch Resistance 🔴: 4,460 – 4,550 Support 🟢: 4,420 – 4,430 (Demand Zone) ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.