Technical analysis by SwingTrade_Concept about Symbol PAXG on 11/2/2025

Gold remains consolidative after strong rejection at the 4H Resistance Area near 4,100, with a visible break of structure to the downside confirming a shift in short-term momentum. The price is currently stabilizing near the 4H Support Zone at 3,965–3,980, as the market awaits high-impact U.S. data later in the week. Key Levels Support: 3965 — 3980 Resistance: 4010 — 4035 liquidity zone: 4000 Reasoning: Technically, the 4H structure shows a clear lower-high formation after the resistance rejection, signaling that sellers are regaining control. The support zone between 3,965–3,980 will act as a key decision area — a break below could extend the bearish leg, while a bounce might trigger a short-term recovery. Fundamentally, this week’s focus is on U.S. economic data, including the ISM Manufacturing & Services PMI, ADP Employment, and Non-Farm Payrolls (NFP) reports. Stronger-than-expected numbers could strengthen the U.S. dollar and pressure gold prices, while weaker data might support a short-term rebound. Disclaimer: This analysis is for educational purposes only and not financial advice. Always confirm your own entries and apply proper risk management before trading.