Technical analysis by Henrybillion about Symbol PAXG on 11/6/2025

Gold continues to move within a tight range near $3985–$4015, showing signs of exhaustion after the recent corrective rebound. The current structure on the H1 timeframe forms a potential lower high pattern, suggesting a short-term bearish reaction could unfold. Key Technical Levels Resistance zone: 4015 – 4055 Immediate resistance: 4005 Support zone: 3915 – 3880 Technical Outlook Price is testing the neckline of a bearish continuation pattern while staying below the previous distribution zone. If gold fails to break and close above 4015, the probability of a downward continuation toward 3915 increases. The RSI is flattening near the mid-range, showing loss of bullish momentum, while the price remains under the EMA cluster, reinforcing the short bias. Trading Strategy Sell zone: 4005 – 4015 Stop loss: Above 4055 Take profit: 3920 – 3885 Alternative scenario: Only if price closes decisively above 4055, short-term buyers may re-enter aiming for 4090–4100. This setup favors sellers while gold remains capped below resistance. Watch for confirmation from intraday rejections or bearish candlestick patterns near the 4000–4015 area before executing. Follow for more daily gold trading strategies and save this post if you find it helpful.