Technical analysis by MMBTtrader about Symbol PAXG: Sell recommendation (11/7/2025)

Technical Analysis: XAUUSD 1. Current Market Phase: Correction After Impulse XAUUSD has concluded a significant bullish impulse wave, recording substantial gains. The market has now initiated a corrective phase. 2. Correction Outlook & Support Level This corrective move is anticipated to extend further, with a projected target towards the key support zone of $3,700. This level represents a critical area where buyer interest is expected to resurface. 3. Forward Projection & Bullish Resumption Upon a successful test and hold of the $3,700 support, we anticipate a consolidation period followed by a resumption of the primary bullish trend. The subsequent upward impulse is projected to target the $4,500 area. Conclusion: The strategy is to monitor the price action around the $3,700 support for signs of a reversal and a new long entry opportunity, targeting the $4,500 zone. DISCLAIMER: ((trade based on your own decision)) <move could temporarily drive prices toward this key support. Such a scenario would present a high-probability long entry, anticipating a significant bullish impulse upon validation of the support zone. so we are still waiting for that major support to hit.