Technical analysis by DECRYPTERS about Symbol PAXG on 11/5/2025

🟡 GOLD & SILVER MARKET ANALYSIS - November 05, 2025 Central Bank Buying:
Global central banks remain in accumulation mode after adding 1,000+ tonnes in 2024. * China: 2,298t | India: 879t | Russia: 2,335t * Emerging markets’ gold purchases +30% YoY, driven by de-dollarization and inflation hedging as USD reserves fall below 58%. Silver Demand & Deficit: * Industrial use hits 680M oz (+11% YoY) — a record. * Solar PV: 232M oz | EVs: 90M oz * Deficit: 215M oz — extending into 2025 as mine output stays flat.
📈 Outlook: Range $47–$55/oz, with potential breakout as green tech ramps. ETF & Market Sentiment : * Gold ETFs (GLD): +$3.6B inflows in Oct, but -$2.1B outflows in Nov on profit-taking. * Silver ETFs: Mixed flows, cautious sentiment. * Gold RSI: ~68 → short-term pullback risk. * Forecast: Inflows could rebound in Q1 if Fed resumes easing. Futures & Positioning : * CME Gold OI: 528,789 contracts (+WoW) * Implied Vol (Dec): 21.1% | Call/Put Bias: 60/40 (bullish skew) * Silver Vol: ~25% — traders shifting to policy-driven long bets. Macro Drivers : * Fed: 25bps cut + hawkish tone (CPI 2.6%) * U.S.–China Truce: Reduces tariffs, softens safe-haven demand. * BRICS: Advancing gold-backed settlement systems. * Dollar Share: Falls to 58% of global reserves. Performance & Forecast : * Gold: $3,941/oz | -1.5% today | +50% YTD * Silver: $48/oz | -1.0% today | +66% YTD
📊 Projection: Gold eyes $4,400 | Silver targets $57 by mid-2026.
🕐 Astro Window (UK Time): 1:00 PM–4:30 PM bullish spike expected. Bias : Short-term correction likely → overall bearish bias until supports retest.
Check chart for buying/selling levels.