Technical analysis by Henrybillion about Symbol PAXG on 11/3/2025

Gold Price Analysis (XAU/USD) – Short-Term Correction Expected Below Key Resistance Gold remains under pressure, hovering near the $4,000/oz mark as buyers struggle to break through the intraday resistance area. The price structure on the H1 timeframe continues to form a clear sideways consolidation after last week’s rebound. Technical Overview Major Resistance: $4,060 – $4,100 zone Intermediate Resistance: $4,180 Critical Support: $3,910 – $3,930 Market Structure: Lower highs remain intact, confirming a short-term bearish bias. EMA Trend: EMA50 and EMA200 show downward separation – sellers remain dominant. RSI: Fluctuating near the 50 line, suggesting loss of bullish momentum. Price Behavior After testing the $4,060 resistance, gold failed to sustain higher levels and started forming a potential double-top pattern, hinting at upcoming downward pressure. If the neckline near $3,940 breaks, a strong bearish continuation could unfold toward $3,910 and possibly $3,860 in the short term. Trading Scenarios Primary Bearish Setup: Watch for a retest of $4,040 – $4,060 to confirm rejection. Entry: Sell from resistance zone. Stop Loss: Above $4,080. Targets: $3,940 → $3,910. Alternative Bullish Scenario: A confirmed breakout above $4,100 (H1 close) would invalidate the short bias. Entry: Buy above breakout. Targets: $4,140 → $4,180. Outlook Summary Gold’s overall structure favors a short-term pullback, unless the $4,060 – $4,100 resistance is breached decisively. The key support zone $3,910 – $3,930 will determine whether the next leg extends lower or rebounds within range.