Technical analysis by ProfitMagnet-Pro about Symbol PAXG: Buy recommendation (11/2/2025)

Gold price on the 1H chart shows a potential shift in market structure. After a strong bearish trend driven by the double-top breakdown and neckline break, XAU/USD found support near the 3960–3980 zone. Multiple CHoCH (Change of Character) signals suggest buyers are regaining control. If price breaks and retests the trendline resistance, a move toward the 4150 resistance area could confirm the bullish reversal. However, if the 3960 support level fails, bears may regain momentum. Support: 3960 – 3980 Resistance: 4150 – 4170 Trend bias: Neutral to Bullish (above trendline) Watch for a confirmed breakout and retest before entering long positions.