Technical analysis by AmirMIssa about Symbol PAXG: Sell recommendation (11/4/2025)

The four-hour chart of gold (XAU/USD) shows price action developing within a rising wedge pattern, which typically indicates a potential bearish reversal if a breakdown occurs. The price is currently hovering around $3,995, near the 50-period exponential moving average that acts as dynamic resistance, while the 200-period EMA below provides structural support for the broader trend. From a technical perspective, the bias remains bearish as long as the price stays below the upper boundary of the wedge and under the $4,060 resistance level. A confirmed break below the wedge’s lower trendline could trigger a decline toward $3,950 and $3,890, with further downside potential extending to $3,820 and $3,730. Conversely, a breakout above $4,025–$4,040 could lead to a temporary corrective rally toward $4,160 before sellers potentially regain control. Overall, gold maintains a downward bias in the short term, with momentum favoring further weakness unless the price stabilizes above $4,060.