Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (11/10/2025)

GOLD | Overview Gold soars on Fed rate-cut bets despite government shutdown progress. Prices jumped in early trading, supported by rising expectations of further interest rate cuts in December after U.S. data revealed a surge in October layoffs and weakening consumer sentiment — the highest concern level in over two weeks. Signs of a slowing U.S. economy outweighed optimism over progress in ending the record-breaking government shutdown, keeping demand for safe-haven assets elevated. Technically: Gold remains under bearish momentum as long as it trades below 4102, with downside targets at 4056 and 4025. However, a temporary correction toward 4090–4102 is possible before resuming the bearish move. On the other hand, a 1H close above 4102 would shift bias to bullish continuation, targeting 4155 and 4189. Pivot Line: 4102 Resistance: 4102 · 4155 · 4189 Support: 4056 · 4025 · 4004 Outlook: Gold remains bearish while below 4102, with potential for correction toward 4090–4102 before resuming its decline to 4056–4025. A confirmed 1H close above 4102 would invalidate the bearish bias and support a bullish reversal toward 4155–4189.