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

1. Market Overview Gold enters the London session trading just below the $4,000 handle, recovering after an early Asian dip to $3,970. The market remains in a range-to-accumulation phase, consolidating beneath descending structure resistance ($4,008–$4,016) and above key support ($3,985–$3,970). Momentum indicators suggest early bullish restoration, but price action remains capped under the 200EMA, awaiting a confirmed breakout to define London’s direction. ⸻ 2. Technical Breakdown 🔹 Daily (D1) Gold holds above the 100EMA, keeping the medium-term structure bullish. RSI at ~50.5 indicates neutrality after a corrective pullback from $4,046. As long as price stays above $3,985, the bullish structure remains intact. 🔹 H1 The pair trades within a descending channel, testing dynamic resistance at $4,004–$4,008. The 50EMA is flattening near the 200EMA, hinting at a potential cross for trend continuation. MACD is stabilizing with higher histogram lows, a bullish sign of momentum recovery. 🔹 15M–5M Short-term structure shows a series of higher lows (3,970 → 3,982 → 3,993) but faces a clear supply ceiling at 4,004–4,010. RSI around 55–60; MACD positive, suggesting accumulation pressure and reduced selling volume. ⸻ 3. Fibonacci Analysis (Swing 3,970 → 4,008) •38.2% = 3,993 •50.0% = 3,989 •61.8% = 3,985 🎯 Golden Zone: 3,993 – 3,985 → Active demand area for potential long entries. ⸻ 4. High-Probability Trade Scenarios 📈 BUY SCENARIO (Primary Bias) •Buy Zone: 3,993 – 3,985 (Golden Zone) •Confirmation: Bullish CHoCH or engulfing candle in zone with RSI > 50 •Targets: 4,004 → 4,016 → 4,028 → 4,046 •Stop Loss: Below 3,970 📊 Justification: The Golden Zone aligns with previous liquidity sweep and ascending channel support — strong probability for continuation if defended during London volatility. 💥 Breakout BUY Setup •Trigger: Break & close above 4,008 •Retest Entry: 4,004–4,006 •Targets: 4,016 → 4,028 → 4,046 → 4,060 •Stop Loss: Below 3,995 📉 SELL SCENARIO (Countertrend) •Sell Zone: 4,004 – 4,016 (EMA confluence & descending structure) •Confirmation: Bearish rejection or RSI divergence > 65 •Targets: 3,989 → 3,970 → 3,945 •Stop Loss: Above 4,020 📊 Justification: A rejection from this area would indicate failed breakout momentum, creating a high R:R short toward range support. ⚠️ Break & Retest SELL Setup •Trigger: Break below 3,970 •Retest Entry: 3,978–3,974 •Targets: 3,965 → 3,945 → 3,920 •Stop Loss: Above 3,985 ⸻ 5. Fundamental Watch •UK/EU Data: Light calendar — focus remains on USD strength and DXY (106.10). •US Factors: Factory Orders and Fed speakers later today; could affect volatility mid-London to NY overlap. •Sentiment: Gold remains technically bullish but constrained by short-term dollar resilience and yield stabilization. ⸻ 6. Key Technical Levels TypeLevelsNotes Resistance4,004 / 4,016 / 4,028 / 4,046Supply + 200EMA zone Support3,993 / 3,985 / 3,970 / 3,965Fibo + structural base Golden Zone3,993 – 3,985Main liquidity pivot Break Buy TriggerAbove 4,008Confirmed bullish continuation Break Sell TriggerBelow 3,970Bearish momentum confirmation ⸻ 7. Analyst Summary Gold is building pressure within a compressed wedge, where the Golden Zone (3,993–3,985) represents the pivot of the day. Momentum indicators lean bullish, but the 200EMA and trendline resistance near 4,004–4,008 remain the key barriers. A clean breakout above 4,008 opens the path to 4,028–4,046, while failure to hold above 3,985 may trigger a retracement to 3,965–3,945. ⸻ 8. Final Bias Summary ✅ Primary Bias: Bullish above 3,985 ⚠️ Neutral Zone: 3,985–4,004 (wait for breakout confirmation) ❌ Bearish Only Below: 3,970 🎯 Expert Outlook: Focus on buying dips near the Golden Zone with confirmation; avoid premature entries before breakout validation. ⸻ 🥇 ElDoradoFx PREMIUM 3.0 – PERFORMANCE 03/11/2025 💸 📊 Smart Entries | Clean Profits | No Drawdown ━━━━━━━━━━━━━━━ 🪙 GOLD RESULTS 🟢 BUY +120 PIPS 🟢 BUY +30 PIPS 🔻 SELL +90 PIPS 🟢 BUY +40 PIPS 🟢 BUY LIMIT +200 PIPS 🔻 SELL +20 PIPS 🟢 BUY +40 PIPS 🟢 BUY +20 PIPS 🟢 BUY +40 PIPS 💰 GOLD TOTAL: +600 PIPS ━━━━━━━━━━━━━━━ 📱 BTC/USD WEEKEND TRADES 🚀 BUY +900 PIPS 🚀 BUY +1,300 PIPS 📱 BTC TOTAL: +2,200 PIPS ━━━━━━━━━━━━━━━ 📊 COMBINED GAIN: +2,800 PIPS ✅ 11 Trades → 11 Wins | 0 SL | 0 BE 🎯 Accuracy: 100% ━━━━━━━━━━━━━━━ 🔥 Flawless start to November — precision entries, strong momentum, and clear profit execution across GOLD and BTC! 👏 Congratulations if you profited! ✅✅✅🚀🚀🚀