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

The precious metal has begun to accumulate a two-day bullish streak in the short term, posting a gain of more than 2.8% as a new buying bias gains traction in the market. For now, the Federal Reserve’s probability chart once again shows a high likelihood of an additional rate cut at the central bank’s December meeting, which has partially limited the growth in U.S. Treasury yields—considered the primary alternative safe-haven asset to gold. Since bond yields have not continued to rise steadily, gold has managed to recover ground in the short term. If this dynamic persists, buying pressure could become increasingly relevant in the metal’s movements over the coming sessions. Attempting to Regain the Uptrend Since the last days of August, gold had maintained a steady upward trend, which was recently interrupted, leading to a period of sideways consolidation. However, the current buying pressure could push the price to hold above the psychological level of $4,000 per ounce. If the price manages to remain in this zone and advance again toward its historical highs, it could reactivate the upward trendline that had fallen into the background in recent weeks. RSI The RSI indicator line has begun to move away from the neutral level of 50, indicating that the average momentum of the past 14 sessions has turned bullish in the short term. As the RSI continues to move further away from the neutral zone, buying pressure could strengthen, supporting greater bullish momentum in the coming sessions. MACD The MACD histogram has started to show a steady positive slope, allowing the indicator to cross above the neutral zero line in the short term. If the histogram remains above this level, it could reinforce the bullish bias in the short-term moving averages, supporting a more consistent upward momentum in the gold market. Key Levels to Watch: $4,300 – Historical High Zone: This level represents the most important bullish barrier on the chart. Price movements reaching this area again could reactivate a strong upward trend in the coming sessions. $4,100 – Nearby Resistance: This level coincides with a technical neutrality zone observed in recent weeks. It could act as a temporary barrier, potentially triggering short-term pullbacks if buying pressure fails to fully stabilize. $3,900 – Key Support: This level aligns with the 50-period simple moving average. A break below this point could invalidate the current bullish structure and pave the way for a more dominant bearish bias in the short term. Written by Julian Pineda, CFA, CMT – Market Analyst