Technical analysis by BlaedTrading about Symbol PAXG on 1/8/2026

Gold has been trading above 4k for the past few months before 2026, and still on a strong uptrend as it recently broke through a recent all time high, but currently the metal paired together with the USD is retracing backdown as we watch its movement. Is this a manipulative move or just a reversal downward as it broke an all-time high? From the fractal framework below, we see a recent pull to the upside which left a gap below, so I may guess the instrument is trying to fill its Gap then resume its move to the upside, but then we sit and watch.