Technical analysis by Henrybillion about Symbol PAXG on 11/7/2025

Gold is currently consolidating within a broad sideways range between 3940 – 4040, showing limited directional conviction after several sessions of choppy movement. On the 1H timeframe, the price structure suggests a potential short-term retracement before a new bullish wave emerges. Technical outlook: EMA(9) is flattening near 3990, confirming indecision and range-bound sentiment. Price has repeatedly rejected the 4035–4040 resistance zone, forming a temporary ceiling. The support area lies near 3935–3945, aligning with previous demand and the lower boundary of the current accumulation channel. The projected move shows a possible dip toward support before rebounding toward 4040–4050 if buyers regain momentum. Trading strategy: Buy Zone: 3935–3945 (look for bullish confirmation patterns) Take Profit (TP): 4040–4050 Stop Loss (SL): Below 3925 Alternatively, sell scalps near 4035 with tight risk until breakout confirmation. Market sentiment: The market remains in equilibrium, awaiting new macro triggers (such as US economic data or bond yield adjustments). A breakout above 4040 could shift bias toward 4080–4100, while a breakdown below 3930 may reopen a path to 3880. Keep monitoring intraday reactions at the range boundaries — patience and precision are key in sideways markets. Follow for daily insights and updates on gold price action.