Technical analysis by HAMED_AZ about Symbol PAXG on 11/9/2025

Hello Traders! 👋 What are your thoughts on Gold? The $3,900 level continues to act as a key support zone for gold, preventing further downside pressure for now. Currently, the price is consolidating between the highlighted support and resistance levels, showing range-bound behavior in the short term. We expect gold to form a short-term upward correction toward the resistance zone, followed by a bearish rejection from that level. If price fails to hold above $3,900 zone and breaks below the support, a deeper decline toward lower levels could follow. As long as the $3,900 support holds, gold is likely to remain in a sideways structure, but a confirmed breakdown would signal the start of a new bearish leg. Don’t forget to like and share your thoughts in the comments! ❤️