Technical analysis by Lioren_Blackwell_l about Symbol PAXG: Sell recommendation (10/24/2025)

Gold is under new pressure after the US Consumer Price Index (CPI) rose to 3.1%, beating expectations of 2.9%. This data reinforced expectations that the Federal Reserve will keep interest rates high for longer, prompting investors to move away from safe-haven gold and back to the US dollar. On the 4H chart, gold is moving inside a converging triangle pattern, and after a short corrective move, the price is still unable to cross the resistance area near 4300. Weak upward momentum and formation of lower highs indicate that sellers are in control of the market. The current scenario suggests a decline towards the 4050 support area, which is intersected with the lower border of the triangle and the long-term ascending trend line. If this level is broken, gold may continue to fall deeper. In short, with continued high inflation and the strength of the dollar, the general trend for gold over the next 24 to 48 hours remains bearish, and any rebound at the present time is considered only a corrective move.