Technical analysis by Ratner about Symbol PAXG: Buy recommendation (11/13/2025)

Hello everyone, here is my breakdown of the current Gold setup. Market Analysis Gold (XAUUSD) continues to maintain a bullish market structure after successfully recovering from the Support Zone near $4,090–$4,100, where buyers stepped in to defend a key demand area. Following a fake breakout to the downside in late October, price regained momentum and established a new Upward Channel, characterized by higher highs and higher lows — a strong sign of renewed buying pressure. Currently, gold has already completed two major breakout phases, first reclaiming the support range and then extending toward the mid-channel zone. The current consolidation suggests a temporary pause before another impulsive leg upward. Price is now trading between the $4,190 support and the $4,350 resistance area, where previous reactions indicate strong liquidity. This resistance has acted as a cap for prior rallies, making it a crucial target zone for bulls. As long as the metal holds above the channel’s lower boundary, the short-term trend remains bullish. A minor pullback toward the support area could serve as a healthy correction before another rally unfolds. However, a confirmed break below $4,190 could temporarily weaken the bullish momentum and lead to a deeper retracement. My Scenario & Strategy I expect XAUUSD to maintain its bullish trajectory while respecting the ascending channel structure. Buyers may look for potential long setups near the $4,190–$4,200 support zone, targeting the $4,320–$4,350 resistance area (TP1). A breakout and close above $4,350 would open the path toward $4,400+ levels, confirming further continuation of the bullish cycle. Conversely, a strong bearish break below the channel and support zone could signal a short-term correction toward $4,100 before buyers attempt to regain control. For now, sentiment remains optimistic, and gold continues to look poised for another bullish leg higher within its well-defined upward channel. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.While the situation is unclear, the price has slightly exceeded the ascending channel. We will watch and expect what happens next.Unfortunately, buyers had more of an advantage at the moment and they pushed the price below the support level.