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

Yesterday, gold remained above the 4000 level, and our long position bought at 3996 was closed at 4026 for a profit. Today's trend is completely different. Gold prices fell below 4,000 at the opening and failed to break through the 4,000 mark, basically indicating that it is about to enter a period of consolidation and decline. Therefore, the main trading direction today is to short gold. The strongest support level is currently around 3950. If it breaks below the intraday low of 3970, then 3950 is very likely to be reached. Today's trading strategy is as follows: Short positions will be initiated as long as the price fails to break above the 4000 level. The initial target is 3970, followed by 3950.Our shorting strategy around 4000 was absolutely correct. As we predicted, gold prices fell after failing to break through the 4000 level during the rebound, and have now reached the intraday low of 3970, successfully hitting our target. Congratulations to those who followed our strategy and made another substantial profit!As expected, after breaking below the intraday low of 3970, gold prices successfully touched the support level of 3950.