Technical analysis by Henrybillion about Symbol PAXG on 10/28/2025

Gold (XAU/USD) – Bearish Momentum Continues Below 4,000 as Market Targets 3,940 Gold remains under pressure as sellers continue to dominate below the 4,040 resistance zone. After failing to break higher, price formed a lower high and is now consolidating near the 3,995 region. On the 15-minute chart, a clear bearish structure is visible — the market is printing successive lower highs and lower lows, indicating that momentum still favors the downside. If gold makes a minor retracement toward 4,020–4,040, this could be an ideal zone for short-term sellers to re-enter. The next key support sits around 3,940–3,920, which aligns with the previous demand zone and Fibonacci retracement from the recent swing low. A confirmed break below this level could accelerate the decline toward 3,900. Resistance zones: 4,020 / 4,040 / 4,080 Support zones: 3,940 / 3,920 / 3,900 Short-term bias: Bearish below 4,040 Trading strategy: Wait for a pullback toward 4,020–4,040. Look for bearish confirmation candles (e.g., engulfing or rejection wicks). Target 3,940 initially, and extend profits to 3,900 if momentum continues. The RSI remains below its midpoint, confirming weak bullish momentum, while EMA trends are flattening—signaling that the sellers are still in control for the day. Remember to manage risk carefully and adjust stop-losses above the 4,050 level. Follow for more daily gold strategies and Fibonacci-based trade setups.