PAX Gold (PAXG) Holds Above Key Support — Can Bulls Push Higher?

PAX Gold (PAXG) has started to recover after several weeks of selling pressure pushed the price down from its August high near $4,680. The decline eventually carried PAXG below the July lows around $3,940 and briefly toward $3,880 before buyers stepped in.

The rebound has since lifted the price back above $4,000, with PAXG now trading near $4,062. The next move could depend on whether buyers can continue defending the newly established support area and gradually overcome the resistance levels formed during the previous decline.

PAX Gold (PAXG) technical analysis

PAXGUSD - 1 Day Time Frame

The move below $3,940 marked an important development in the daily structure. After reaching approximately $3,880, selling pressure weakened and buyers produced a strong recovery toward $4,120. This reaction suggests renewed buying interest following the Sell-Side Liquidity sweep.

However, the broader structure still contains several lower highs formed during the previous decline, meaning further bullish confirmation may be needed before the recovery strengthens. The recent move has established a support zone between approximately $3,960 and $4,050. With PAXG currently trading near $4,062, the price remains close to the upper boundary of this area.

Continued buyer activity around this zone could help preserve the recovery. A sustained daily close below $3,960, however, could weaken the short-term structure and increase the possibility of another move toward the recent low around $3,880.

The immediate challenge is the nearby price area around $4,080–$4,120. A sustained move above this zone could improve the short-term bullish structure and create more room for further upside.

PAX Gold (PAXG) price target

The first significant Buy-Side Liquidity target is located around $4,230, representing the nearest major upside level following the recent recovery. Further liquidity remains near $4,390 and $4,510, while the highest marked level is positioned around $4,680, corresponding with the August high.

A sustained recovery above $4,080–$4,120 could bring $4,230 into focus. Further strength could then shift attention toward $4,390, $4,510, and potentially $4,680 if bullish momentum continues to improve. For now, the recovery from $3,880 has created a more constructive short-term setup, supported by the newly established $3,960–$4,050 zone.

Maintaining this support could keep the potential for further upside active, with $4,230 representing the first major target. A broader recovery toward the higher levels would likely depend on buyers gradually overcoming the lower highs formed during the previous bearish phase.

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