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

Gold is currently trading near $3,978 per ounce after peaking at $4,020. The market is going through a period of consolidation between $3,950 and $4,000 without enough momentum for a clear breakout. The US dollar remains strong, the DXY index is stable at elevated levels, while 10-year US bond yields are near 4.2%, attracting capital away from gold. Despite weakness in US stocks, support for the metal remains limited. Technically, gold is moving within a narrow range, with support at 3,950–3,960 and psychological resistance at 4,000. Low trading volumes indicate traders are waiting for a clearer signal. Crossing 4,000 may push the price to 4,050–4,100, while breaking 3,950 may bring the price back to 3,900. Gold is likely to continue to move sideways in the near term until new stimulus from the Fed or surprising economic developments emerge.