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

XAU/USD Analysis – Gold Reaches Key Resistance, Potential Rejection Zone Around 4030 Gold has extended its recovery but is now approaching a major resistance area near 4030, where sellers may step back in. Despite the recent short-term rebound, the overall structure on the H1 timeframe still favors a bearish bias as price remains below key resistance and dynamic supply zones. Technical Outlook Price Structure: The market has formed a series of lower highs since the early November peak, confirming that sellers remain dominant. Current movement appears to be a corrective pullback rather than a reversal. Dynamic Resistance (DEMA 9): Gold is testing the 9-period DEMA near 4008 – a zone that has repeatedly acted as dynamic resistance during past attempts to recover. Key Resistance Zone: 4025 – 4035 is a crucial supply area where multiple rejections occurred before. This level coincides with previous liquidity sweeps and could trigger renewed selling pressure if price fails to close above it. Fibonacci Context: Measuring from the recent swing high (~4065) to swing low (~3965), the 50–61.8% retracement range overlaps with the current resistance, strengthening the bearish setup. Trading Plan Main Scenario (Sell setup): 🔹 Sell around 4025 – 4035 🔹 Stop Loss: 4045 🔹 Take Profit: 3965 – 3945 Alternative Scenario: If price closes firmly above 4045, expect short-term continuation toward 4075–4090 before facing another wave of resistance. Summary Gold is approaching a heavy resistance area within a broader bearish trend. Unless bulls can break and hold above 4045, the probability favors a rejection and pullback scenario. This setup aligns with the “sell-on-rally” strategy many professionals use when the macro bias remains downward. Conclusion: Price action remains heavy near 4030 – look for signs of exhaustion before entering short positions. Follow for daily trade setups and save this analysis if you find it useful for your gold strategy.