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

Gold (XAU/USD) Technical Outlook – Range-Bound Structure and Potential Upside Rebound Gold continues to trade within a well-defined range on the 1-hour timeframe, showing clear reactions between the 3,950–4,030 zones. The market has been forming a sequence of equal highs and equal lows, signaling a potential accumulation phase before the next impulsive move. 1. Technical Overview Price Structure: The market remains locked in a consolidation range. Each dip into the lower boundary around 3,950 has been met with buying pressure, while the upper zone near 4,030 consistently acts as resistance. Trend Context: Although momentum remains neutral, the formation of a potential higher low structure indicates the possibility of a short-term bullish reversal within the range. Dynamic Support: Price is currently hovering around the 9-period DEMA (4,006), which serves as intraday support. A rebound from this level could trigger the next leg toward the upper boundary. Fibonacci Observation: The retracement from the recent swing high aligns with the 0.618 zone, adding confluence to the projected bullish reaction. 2. Key Technical Levels - 4,025 – 4,035;Range top; key level to break for continuation Support Zone - 3,950 – 3,960;Lower boundary of the range; strong buy zone Mid-Range Level - 4,000;Intraday pivot area; currently acting as equilibrium Major Support - 3,920;Invalidation level; below here the bullish setup fails 3. Trading Scenarios Primary Scenario (Range Rebound Buy) Wait for price to test the 3,950 – 3,960 support zone. Enter Buy after confirmation of bullish rejection. Take Profit (TP): 4,025 – 4,035 Stop Loss (SL): Below 3,920 Alternative Scenario (Breakout Play) If price breaks and closes above 4,035, it could open room for a larger move toward 4,070 and beyond. Look for breakout retests to re-enter in direction of momentum. 4. Summary Gold is consolidating inside a wide range after recent volatility. As long as the 3,950 support holds, the bias remains neutral-to-bullish, with potential recovery toward 4,030 in the coming sessions. A confirmed breakout above this ceiling could mark the start of a stronger upward impulse. Traders should remain patient and look for confirmation signals around the range extremes, as fakeouts are common within tight consolidation phases. If you found this setup helpful, follow for daily market structure insights and professional trade ideas — consistent strategy builds consistent results.