Technical analysis by EZIO-FX about Symbol PAXG on 11/9/2025

Gold price settles above $4000 as safe-haven demand strengthens on U.S. shutdown and weaker dollar outlook. Bulls defend the 50-day moving average at $3878.45, keeping gold's short-term bias tilted to the upside. Technical breakout above $4046.60 could trigger a run toward $4133.95–$4192.36 resistance zone.uncertainty around the delayed U.S. non-farm payrolls report — a result of the shutdown standoff — helped renew safe-haven demand, especially after private sector data showed job losses in October. Traders are now pricing in a 66% chance of a December rate cut, according to CME Group’s FedWatch Tool. That dovish repricing, alongside softening Treasury yields, is helping underpin gold despite broad risk aversion.