Technical analysis by Henrybillion about Symbol PAXG on 11/14/2025

Gold is showing clear signs of weakening momentum on the H1 timeframe as price forms a flat-top rejection near 4,232–4,235, a zone where buyers have repeatedly failed to break higher. This signals the early stage of a potential deeper correction. Current price action shows a weak technical pullback into EMA9, while the newly formed lower high – lower low structure confirms short-term bearish pressure. A descending trendline has developed, indicating sellers are gradually regaining control. Key Technical Levels Resistance 4,232 – 4,235: Major rejection zone (flat-top structure). EMA9 around 4,194: Acting as dynamic resistance during the pullback. Support 4,115 – 4,120: Critical neckline of the structure; a break opens room for deeper downside. 3,985 – 4,000: Strong support, aligning with the previous major swing low. Technical Breakdown – Tools & Signals Fibonacci: Previous decline bounced at the 38.2% level; the weak reaction suggests price may return to test 50%–61.8%, aligning with 4,115. Trendline: The short-term descending trendline is guiding the correction. Only a clean break above it will shift momentum. EMA9: Price is testing but failing to reclaim the EMA, showing fading buying strength. RSI: Bearish divergence from the previous top reinforces the downside scenario. Trading Strategy 1. Sell the Pullback (Primary Setup) Entry: 4,205 – 4,215 (EMA9 + descending trendline confluence) Target 1: 4,115 Target 2: 3,985 Stop-loss: 4,245 (above flat-top resistance) 2. Sell on Breakdown Condition: H1 candle closes below 4,115 Target: 3,985 Stop-loss: 4,145 3. Short-term Buy (Only with clear reversal signals) Buy Zone: 3,985 – 4,000 Reason: This is a major demand zone with historical strong reactions. Market Outlook Short-term structure is shifting bearish. The current recovery appears corrective, not impulsive—suggesting sellers may soon take over again unless price breaks above 4,215–4,225. If this analysis helps your trading, feel free to follow for more daily XAU/USD strategies.