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

Gold is trading around $3,978 after reaching a peak of $4,020. The market is currently stuck between $3,950–$4,000 with a distinct lack of momentum. The US dollar remains strong. Although the DXY index declined slightly, 10-year bond yields are around 4.2%, which directs investors to the dollar. Therefore, despite the weakness in equities, gold demand remains limited. From a technical perspective, the price is in a tight horizontal structure. The $ 3,950–3,960 region is watched as support and $ 4,000 is watched as psychological resistance. In case of an upward break, $4,050–4,100 can be targeted; However, if it falls below 3,950, the possibility of a withdrawal to $ 3,900 increases. In the short term, gold is expected to continue its movement in this dar band; A clear direction can only emerge with new signals from the Fed or developments that will shake global markets.