Technical analysis by bbqgio about Symbol PAXG: Buy recommendation (11/5/2025)

Gold (XAUUSD) ripped higher from late August and topped just below 4,400 before slipping into a tidy pullback. Price is now hovering near 3,940 with momentum cooled and volatility contracting—classic flag behavior after a vertical pole. Structure remains bullish on higher timeframes, even as the short-term trend corrects. The 20-day average near ~4,085 is capping price, while immediate demand sits around 3,930. The primary path is continuation: a daily close above 4,150 would clear the flag top and the MA20, opening room for a run back into the 4,380–4,400 supply zone. If momentum builds, expect a retest of the mid-October high at 4,400; interim buoyancy above ~4,100 would support a grind toward 4,340 before the final push. Accumulation near 3,930–3,950 is higher risk, and should be reserved for clear reversal signals. If buyers fail to defend 3,930–3,920, the setup breaks. A daily close below 3,920 invalidates the flag and puts 3,780 (near the MA60 ~3,773) on the map, with rallies likely to be sold beneath 4,040–4,085 until structure repairs. Clean line in the sand for longs sits just under 3,920, with protective stops around ~3,900. This is a study, not financial advice. Manage risk and invalidations