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

Market Analysis: Gold Stays Flat Gold price corrected gains, traded below $4,000, and started a consolidation. Important Takeaways for Gold Price Analysis Today - Gold price started a downside correction below $4,100 and $4,000 against the US Dollar. - A key bullish trend line is forming with support at $3,985 on the hourly chart of gold. Gold Price Technical Analysis On the hourly chart of Gold, the price formed a base above $3,915. The price remained in a bullish zone and started an upward move within a range above $3,930. There was a decent move above the 50-hour simple moving average and $3,975. The bulls pushed the price above the $4,000 and $4,010 resistance levels. A high was formed at $4,019 before the price saw a pullback. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,928 swing low to the $4,019 high, and the RSI declined below 50. Initial support on the downside is near $3,985, a bullish trend line, and the 50-hour simple moving average. The first major area of interest for the bulls is near the 50% Fib retracement at $3,975. If there is a downside break below $3,975, the price might decline further. In the stated case, the price might drop toward $3,950. Any more losses might push the price toward $3,930. Immediate resistance is near $4,020. The next major hurdle for the bulls is $4,030. An upside break above $4,030 could send Gold price toward $4,045. Any more gains may perhaps set the pace for an increase toward $4,090. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.