Technical analysis by Reliable_Trading about Symbol PAXG: Sell recommendation (11/5/2025)

Yesterday, gold prices continued to fall as the US dollar index broke through the 100 mark, reaching a three-month high. The decline accelerated during the US session, briefly touching 3930. In yesterday's article, I suggested shorting if the 4000 level couldn't be broken, and that a move to the intraday low of 3970 could lead to a pullback to the 3950 support level. Yesterday's decline was more severe than I anticipated, reaching 3930. Given the current weakness in gold, as long as the US dollar index continues to strengthen, it's possible that the decline will continue. Therefore, today we can consider shorting at 3970 and 4000, with a target of 3935.