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

🚀 XAUUSD: Gold's Resurgent Rally Smashes Key Level, 4400 Double Top in Sight! Timeframe: 4-Hour Chart Gold (XAUUSD) on the 4-hour chart is currently displaying exceptional bullish momentum, trading robustly around $4,220. The precious metal has executed a powerful recovery, decisively breaking through a historically significant price zone, signaling strong buyer conviction. Current Price Action & Trend Analysis: After forming a 'Double top at 4400' in mid-October and subsequently experiencing a sharp decline that found crucial support at the 3900 'Immediate Support' zone, Gold has embarked on a remarkable upward trajectory. The price initiated its current rally from this strong foundation, systematically reclaiming lost ground. It first moved above the 4000 'Key Zone' (which had previously broken), solidifying its position by establishing 4100 as 'New Support' after a healthy pullback and bounce. Crucially, XAUUSD has now successfully pierced and is trading above the 4150 to 4250 zone, which is labeled as 'Previous Support'. This zone was significant; it initially acted as support, then flipped to resistance after being broken, and has now been overcome again, suggesting a powerful shift in control. The white arrow clearly indicates this decisive breakout. This strong, multi-bar ascent indicates that bulls are in firm command, with the previous bearish structure effectively overturned. Key Resistance Levels: 4150 to 4250 Previous Support (now being broken as resistance): While marked as 'Previous Support', the white arrow illustrates it's now being broken to the upside, essentially overcoming a key resistance barrier formed after the initial breakdown. A sustained hold above this zone is crucial. Double top at 4400: This represents the previous all-time high and is the ultimate, significant psychological and technical barrier. Given the current momentum, this level will be the next major target for the bullish charge. Key Support Levels: 4100 New Support: Following the strong rally and breakout, this level has been established as crucial immediate support. A retest and successful hold here would be a healthy consolidation for continued bullish momentum. 4000 Key Zone Broke: This zone, previously acting as resistance after being broken from above, now stands as a strong secondary support. It’s a significant psychological and technical level. 3900 Immediate Support: This solid green zone acted as the launching pad for the current rally and represents the strongest underlying support. It's vital for maintaining the broader uptrend. Bullish Scenario: The outlook for Gold is currently highly bullish. As long as XAUUSD can sustain its position above the 4150 to 4250 'Previous Support' zone, and ideally hold the 4100 'New Support' on any minor pullbacks, the path is clear for a direct challenge to the 'Double top at 4400'. Increased buying volume and sustained closes at higher levels would further reinforce this strong bullish trajectory. Bearish Scenario: Despite the current strength, a sharp reversal could occur. A decisive breakdown below the 4100 'New Support' would be the first significant cautionary sign. This could lead to a retest of the 4000 'Key Zone'. A breach below 4000 would suggest a deeper correction towards the 3900 'Immediate Support' and would seriously jeopardize the current short-term bullish thesis. Conclusion: Gold is currently in a powerful uptrend, having decisively broken through a critical zone between 4150 to 4250. The momentum is firmly with the bulls, and the 'Double top at 4400' is the next formidable target. Traders should closely monitor the 4100 'New Support' for sustained strength, but for now, the path of least resistance appears to be to the upside. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.