Technical analysis by Mihai_Iacob about Symbol PAXG on 11/13/2025

1. What Happened Yesterday Despite a weak start to the day that looked like the beginning of a deeper correction after Monday’s strong rally, Gold once again defended the 4100 interim support. Bulls quickly stepped in, and the market delivered yet another 1,000-pip bullish session — a pattern Gold has normalized these days. 2. Current Market Context At the time of writing, price is hovering around the 4200 resistance zone, and the upside momentum remains extremely strong. Yes, after a 2,000-pip rise in just three days, a correction seems not only possible but probable. However, we must also remember that last month Gold rallied 4,000 pips in a single week without any meaningful pullback — making short-term timing very tricky. 3. Technical Outlook Key support levels to watch: - 4150 – first intraday support - 4100 – strong structural level - 4050 – major swing support and line in the sand for bulls Resistance levels: - 4200 – current zone being tested - 4280 – next clear target - 4400 – all-time-high resistance The structure remains bullish, but stretched. 4. Trading Plan For swing traders, this is a difficult location to initiate new positions in either direction. I personally prefer to buy only if Gold pulls back under 4100, where the risk-reward becomes more reasonable. As for short trades, the combination of strong momentum and last month’s parabolic behavior makes them very high risk, even in strong resistance. 5. Conclusion Gold remains in a powerful uptrend, and although a correction is likely, timing it is extremely challenging. Until we see a deeper pullback, I remain patient and only consider buys from lower support zones, preferably below 4100. 🚀