Technical analysis by ProfitMagnet-Pro about Symbol PAXG: Sell recommendation (11/5/2025)

Gold is currently approaching a key descending trendline that has acted as dynamic resistance in recent sessions. Price is retesting this level near $3,975 – $3,980, aligning with a minor supply zone. The structure shows multiple CHoCH and BOS patterns, indicating recent internal weakness. A rejection from the trendline could trigger a short-term bearish move toward the support level around $3,920. However, a confirmed break and retest above the trendline would invalidate the short bias and could open room for a bullish continuation toward the $4,020 resistance area. Key Levels: Resistance: $3,980 – $4,020 Support: $3,920 – $3,900 Trend Bias: Bearish below trendline, bullish if broken