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

Gold (XAU/USD) is currently consolidating in a tight horizontal range between $3,920 – $4,060, showing a clear balance between buyers and sellers on the 1-hour chart. After several failed attempts to break above resistance, momentum appears to be losing strength, hinting at a potential short-term pullback. The current setup shows price trading near the upper boundary of the range, aligning with a visible supply zone. This offers a risk-reward opportunity for short-term traders anticipating a rejection from resistance. Key levels to watch: Resistance zone: $4,050 – $4,060 (range high / supply area) Support zone: $3,920 – $3,940 (range low / demand area) Mid-level: $3,990 (balance line) Trading plan: If price remains capped below $4,060 and forms a bearish rejection candle, short positions could target $3,940, with stops above $4,065. However, a confirmed breakout and close above $4,065 may invalidate the short setup, opening the door for a bullish extension toward $4,100 – $4,120. Technical summary: Structure: Sideways consolidation within major range Bias: Bearish while below $4,060 Tools used: Support & resistance, supply-demand zones, price action Gold continues to trade indecisively within its range — a breakout from either boundary will define the next major move. Traders should stay patient and wait for confirmation before engaging. Follow for more professional gold analysis and refined intraday trade setups every day.