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

Gold has regained upward momentum following a short-term correction, with price now trading back above the 50-day simple moving average (SMA) near $3,900. This area acted as dynamic support after the strong breakout from the earlier ascending triangle pattern, which had contained price action between roughly $3,250 and $3,450 for several months. The MACD histogram is beginning to flatten after a recent bearish crossover, suggesting downside momentum may be fading. Meanwhile, the RSI has recovered from near-neutral levels to around 59, showing improving strength without yet entering overbought territory — a sign that the rebound still has room to develop. From a structural standpoint, the long-term trend remains constructive, supported by the 200-day SMA trending steadily higher near $3,390. As long as gold maintains support above the 50-day SMA, the bias stays broadly bullish within an established uptrend. -MW