Technical analysis by jiqeu1 about Symbol PAXG: Sell recommendation (11/4/2025)

https://www.tradingview.com/x/p32O9pf2/ The Fed's positive news has been fully priced in, strengthening bearish technical signals for gold. Currently, gold's daily chart shows continuous consolidation, with two consecutive days of doji candlesticks and persistent resistance around the 10-day moving average at 4025. This has largely absorbed the impact of the unusual rebound following last Thursday's Fed decision. The technical pattern favors further correction; as long as the price cannot effectively break through the 10-day moving average resistance, a third wave of decline is expected. Combined with the four-hour chart, gold's pullback below 4000 has weakened short-term bullish confidence and increased downside risk. The key focus today is the battle around the 4025 level. If the price continues to be pressured below this level, it will strengthen the market's bearish expectations. The first support level is around 3960; a break below this level would confirm a return to a weak downtrend and could open up further downside potential. In terms of trading strategy, before a successful recovery above the 10-day moving average, the overall approach should be to sell on rallies, closely monitoring key price levels as a basis for judging the strength of the trend.Gold is rebounding to our expected level.The downtrend remains unchanged; we will continue to wait.