Technical analysis by ELDORADOFX about Symbol PAXG: Buy recommendation (11/6/2025)

1️⃣ Market Overview Gold extends its bullish move into the London session after breaking above $3,995–$4,000, confirming short-term momentum shift from consolidation to continuation. The metal currently trades near $4,005, where sellers are reacting at a key H1 supply zone aligned with a descending trendline from previous highs. Overall sentiment remains cautiously bullish, with potential pullbacks expected before continuation toward $4,026–$4,046. ⸻ 2️⃣ Technical Breakdown 📆 D1 (Daily): Price sustains above the 100EMA and remains in an ongoing bullish recovery phase. RSI ≈ 52, showing neutral-to-bullish structure. A confirmed daily close above $4,012 would strengthen the path to $4,026–$4,046 next. ⏰ H1 (Hourly): Strong breakout candle above $3,995 with MACD turning positive. Current resistance seen around $4,010–$4,015. RSI near 68 signals slight overextension, hinting that a minor pullback could occur before another push upward. 🕒 15M–5M (Intraday): Price broke through descending structure and is now forming rejections near $4,010. Short-term support sits between $3,985–$3,975, coinciding with EMAs and structure demand. Expect a possible retest of this area for continuation if buyers remain in control. ⸻ 3️⃣ Fibonacci Analysis (Last swing $3,960 → $4,010) •38.2% = $3,990 •50.0% = $3,985 •61.8% = $3,979 🎯 Golden Zone: $3,990 – $3,979 → Potential bullish continuation area. ⸻ 4️⃣ Fundamental Watch •The US Dollar Index (DXY) is holding below 106, favoring gold’s strength. •US Jobless Claims and Fed speeches later today may inject volatility during the NY session. •London is likely to trade inside the $3,985–$4,010 band until new catalysts emerge. ⸻ 5️⃣ Analyst Summary Gold maintains an intraday bullish bias while trading above $3,975. The ideal scenario is a pullback toward $3,990–$3,979 (Golden Zone) before the next impulsive move up. A sustained break above $4,015 would confirm fresh momentum targeting $4,026 → $4,046, while failure to hold above $3,975 could shift bias back toward $3,960. ⸻ 6️⃣ Final Bias Summary 📈 Primary Bias: Bullish continuation above $3,975 📉 Bearish Invalidity: Below $3,970 🎯 Upside Targets: $4,026 → $4,046 → $4,075 ⚠️ Key Zone to Watch: $3,990 – $3,979 (Golden Zone retest area) ⸻ — ElDoradoFx PREMIUM 3.0 Team 🚀