Technical analysis by FOREXcom about Symbol PAXG on 10/17/2025

Gold finally succumbed to profit-taking pressure today as it sold off nearly $180 from its intraday record high of $4380, representing a sizeable drop. Hardly a surprise to be fair, with the market being so severely overbought. Potentially it is not the end of the trend, but a large bearish engulfing candle at the peak here does point to at least a temp top, which wouldnt be a bad thing. Anyway, the metal has rolled over and the metal was now trading near $4200, on track for its worst day in a LONG time. Let's see how it closes the session, but i wouldn't be surprised if it were to head back down to $4K in the week ahead, before potentially consolidating. By Fawad Razaqzda, market analyst with FOREX.com