Technical analysis by Elite-Forex-Trades about Symbol PAXG: Buy recommendation (1/8/2026)

XAUUSD After rejecting from the previous all-time high region, XAUUSD experienced a sharp corrective move followed by recovery buying pressure. The recovery zone has held firmly, suggesting strong institutional interest. Price action remains constructive as long as the support zone is respected, keeping the bullish continuation scenario valid. Key Scenarios ✅ Bullish Case 🚀 If price holds above the recovery zone and confirms continuation, upside targets remain: 🎯 4,480 🎯 4,520 🎯 4,550+ (Potential New All-Time High) ❌ Bearish Case 📉 A sustained breakdown and close below the recovery zone would weaken the bullish bias and open the door for deeper correction. Current Levels to Watch Resistance 🔴: 4,480 – 4,550 Support 🟢: 4,400 – 4,420 (Recovery / Demand Zone) ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.