Technical analysis by Setupsfx_ about Symbol PAXG: Sell recommendation (11/3/2025)

Gold experienced a decline during today’s Asian session before recovering sharply to the 4030 area. Currently, the price is consolidating within a narrow range between 4010 and 4030. This behaviour suggests a period of accumulation, where buyers and sellers are unable to establish a clear directional advantage. Given the anticipated volatility in the coming week, particularly with macroeconomic data releases, traders should exercise caution and implement disciplined risk management strategies. The initial decline in the Asian session may have been driven by short-term profit-taking and liquidity searches by major market participants. However, the swift recovery to 4030 indicates strong buying interest at lower levels, suggesting that gold remains in a bullish trend on larger timeframes. This range-bound movement between 4010 and 4030 is forming a temporary consolidation zone. A detailed examination of the 1-hour chart reveals multiple touchpoints within this range, indicating strong short-term support at 4010 and resistance near 4030. Candlestick patterns suggest indecision, with several doji and spinning-top formations, further confirming the likelihood of price manipulation and liquidity grabs throughout the week. Like and comment for more such chart analysis! Team Setupsfx_