Technical analysis by Henrybillion about Symbol PAXG on 11/10/2025

Gold continues to move inside a well-defined range after rejecting the 4048 resistance zone. The price action has completed a corrective “M-pattern” structure, hinting at potential downward pressure if buyers fail to hold above the 4030–4040 area. Technical Breakdown Key Resistance: 4048 – 4055 (previous swing high and Fibonacci retracement 0.786) Immediate Support: 4000 – 3985 (mid-range liquidity zone) Major Support Zone: 3920 – 3900 (target from projected harmonic leg) EMA(9): Currently at 4033, acting as short-term dynamic support Market Context The recent bullish impulse appears exhausted as momentum slows near the upper boundary of the range. The RSI (H1) shows early signs of bearish divergence, confirming that buyers are losing strength. If the price closes below 4020, it could trigger a new wave of selling toward the 3950–3920 area. Trading Strategy Scenario 1 – Bearish Setup: Sell below 4020 with targets at 3985 and 3920. Stop-loss above 4055. Scenario 2 – Bullish Breakout: A confirmed breakout and retest above 4055 could extend to 4088–4100. Bias: Short-term bearish while below 4055. Conclusion Gold remains inside a corrective phase after testing upper resistance. Unless bulls defend 4030 strongly, bears may take control and drive price back to the lower boundary around 3920. Keep this analysis saved and follow for more daily trading strategies and Fibonacci trendline setups to stay ahead of market moves.