Technical analysis by Henrybillion about Symbol PAXG on 10/31/2025

Gold continues to consolidate below the major resistance zone at $4,060–$4,100, after a recovery from the $3,950 area. The market is currently testing an important structure level, and today’s reaction here will determine the next short-term trend. Technical Outlook (H1 timeframe): Immediate Resistance: $4,060 – $4,100 Major Resistance: $4,180 – $4,200 Support Zone: $3,950 – $3,900 Key Level to Watch: $4,000 If price breaks and holds above $4,060, bulls may gain momentum toward $4,150 – $4,200, forming a potential short-term continuation pattern. However, a rejection below $4,060 could trigger another decline toward $3,950, and if that breaks, the next target lies near $3,860. Trading Strategy: Bullish Scenario: Wait for a confirmed breakout and retest above $4,060, then target $4,150–$4,200. Bearish Scenario: Look for rejection signals at $4,060 or a break below $4,000 to sell toward $3,950 and $3,860. RSI is showing a potential short-term overbought condition, so traders should remain patient and wait for price confirmation before entering. Stay disciplined—gold is in a key reaction zone, and today’s close could define the next 2–3 sessions. Follow for more daily gold trading strategies and updates.