Technical analysis by melikatrader94 about Symbol PAXG: Sell recommendation (11/9/2025)

Hi! After the strong, impulsive drop, Gold formed a bearish pennant, which has already broken to the downside. The measured move target of that pennant remains unfilled, and the price continues to consolidate below the breakdown point. Currently, the market structure is developing inside a symmetrical triangle, showing compression and reduced volatility. This type of structure often acts as a continuation pattern when it forms after an impulsive leg, especially when positioned below the previous pennant. The projection highlights the expectation of a downside breakout from the triangle, with a gradual sell-off into the next liquidity pocket. The ultimate target aligns with the remaining pennant target zone, which also coincides with a prior demand level. As long as the price remains inside this tightening structure and below point D, the bearish continuation scenario stays valid. Target: $3811 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.As long as the $4,165 area holds, you can look for a short position.