Technical analysis by ProfitMagnet-Pro about Symbol PAXG: Buy recommendation (11/4/2025)

Gold is currently trading within a symmetrical pattern, showing consolidation between the supply zone (around 4020–4040) and the support level near 3920. The price recently tested the lower boundary of the triangle and is attempting to break below it, suggesting possible bearish continuation if the support fails. A confirmed close below the pattern could lead to further downside toward the next support zone near 3920, while any strong rejection might push price back toward the resistance area near 4120. Key Levels: Resistance area: 4120–4140 Supply zone: 4020–4040 Support level: 3920 Bias: Bearish (below trendline support)