Technical analysis by Ryan_Lewis1 about Symbol PAXG: Buy recommendation (11/11/2025)

Policy and Funds Form "Hard Support": Although there are profit-taking sell-offs after new highs, the general direction of the Fed's easing cycle has not changed (core inflation is approaching the target, the labor market is cooling), the downward trend of real interest rates has not reversed, and in addition to the "rigid demand" from global central banks purchasing gold (monthly by emerging market central banks has not stopped)， the 4120-4125 range has become a "strong support amid disagreements"， with a probability of less than 15%， providing a clear safety margin for going long. Hedging Demand "Has Elasticity"： Although the conflict in the Middle East has not escalated yet, shipping safety risks (decreased vessel traffic in the Strait of Hormuz) and potential "risk points" before the US election (political games) have not disappeared. Once a risk event emerges amid the disagreements， it is likely to trigger "short covering + following the trend to go long"， quickly resolving the disagreements and pushing the gold price to a new high. Today's gold trading strategy buy：4120-4130 tp:4140-4160 sl:4110