Technical analysis by Mihai_Iacob about Symbol PAXG on 11/4/2025

Yesterday, I highlighted that Gold appeared slightly bullish, forming an ascending triangle with resistance around the 4030 zone. Early in the day, Gold did indeed rise and tested this resistance again. However, after the futures market opened, momentum started to fade, and the price began fluctuating around the 4000 level. As we entered the Asian session, the bears took control, and Gold is now testing the 3970 level, approaching the key 3960 support, which aligns with yesterday's low. If we see a break below this support, the next key levels to watch are 3915, a zone where Gold experienced significant reactions last week, and even 3890. On the flip side, any stabilization above the 4000 level could shift the bias back to bullish. Key Points: - Downside: Break below 3960 opens 3915 and potentially 3890. - Upside: Only stabilization above 4000 would suggest a bullish shift. 🚀 Let's see if Gold can make a move today, but remember, volatility remains extremely high and 3-400 pips means nothing for Gold nowadays3915 is in focus now