Technical analysis by Eldric_Morran about Symbol PAXG: Buy recommendation (11/7/2025)

The price of gold is currently in an upward trend supported by a number of positive factors in the market. The weakness of the US dollar and increased demand for safe havens due to concerns about the US government shutdown have strengthened the appeal of gold, which is considered a safe investment vehicle in times of instability. Issues related to tariffs and uncertainty about economic policies also contribute to gold's attractiveness. Technically, gold is currently trading in a clear uptrend, with support points at $3,930 and the next resistance at $4,100. If gold continues to maintain this bullish momentum, a break above the $4,100 level seems a strong possibility. Moreover, the US Federal Reserve's decision to cut interest rates for the second time this year and market expectations of another cut in December, reinforce the US dollar's weakness and support gold's bullish trend. Investors should monitor support and resistance areas to develop appropriate trading strategies.