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

Gold (XAU/USD) – Bullish Momentum Continues Above Key Support Zone Gold remains in a strong uptrend structure on the H1 timeframe, forming higher highs and higher lows after breaking through the previous consolidation range near the 4,000–4,020 area. The price has respected the ascending trendline and recently formed a minor retracement before showing signs of bullish continuation. The zone around 4,115–4,120 serves as the nearest support, aligned with the trendline and the last higher low. As long as the price holds above this level, the bullish structure remains intact. The next resistance area is projected near 4,180–4,185, where traders should watch for potential profit-taking or reversal signals. Trading Strategy: Buy Entry: Around 4,135–4,140 (on retest of trendline support) Stop Loss: Below 4,115 Take Profit: 4,180–4,185 Risk–Reward Ratio: ~1:2 Technical Confluence: ✔ EMA cluster trending upward confirming momentum ✔ RSI remains above the midline (bullish bias) ✔ Fibonacci 38.2% retracement aligns with the retest area If price closes below 4,115, the short-term bias may shift toward 4,080 or deeper retracement. However, as long as the trendline holds, buyers maintain control. Stay patient and wait for confirmation near the support zone before entering. Follow for more daily gold strategies and price-action updates.