Technical analysis by MiddleEastTradingAcademy about Symbol PAXG on 11/11/2025

🧭 Market Overview Gold continues to trade within a strong bullish momentum after breaking above the $4,083 resistance level, confirming short-term strength and pushing prices toward the current resistance area around $4,135–$4,160. This region represents a critical decision zone, where the next move will likely determine the short- to medium-term direction of gold. 📊 Technical Structure Key Support Zone: $4,005 – $4,045 Decision Zone (Current): $4,120 – $4,135 Resistance Levels: $4,160 → $4,185 → $4,205 → $4,285 → $4,365 The market recently closed multiple 4-hour candles above $4,083, confirming a strong bullish structure. However, the current Resistance Zone ($4,135–$4,160) could trigger a temporary correction if price fails to maintain momentum above this range. 🧩 Potential Scenarios Bullish Continuation: If gold sustains 4H and daily closes above $4,135–$4,160, momentum could accelerate toward $4,205, $4,285, and possibly $4,365–$4,380, which aligns with the previous historical peak. Bearish Rejection / Correction: If price fails to hold above $4,120–$4,135, a pullback toward $4,085, $4,045, or $4,005 is likely before buyers attempt to regain control. 🔭 Outlook Summary The zone between $4,120 and $4,135 remains the core decision area. Holding above = continuation of bullish momentum. Closing below = short-term correction phase. Traders should monitor candle closes rather than quick spikes or wicks, as false breakouts are common in such volatile conditions. ⚠️ Disclaimer: This analysis is for educational purposes only and does not represent financial advice or trading recommendations. Always conduct your own research and risk management before entering the market.