Technical analysis by Mr_King_professional about Symbol PAXG: Buy recommendation (11/14/2025)

Current Price & Trend Price is $4,116.77, down 1.32% on the day. Recent trend: A downward correction after touching resistance near $4,176–4,180. The chart shows support around $4,099–4,100, which aligns with the low of the current pullback. 2. Key Technical Zones Resistance: Around $4,176–4,180 (blue shaded area). Price struggled to break above this zone. Support: Near $4,099–4,100 (horizontal line at the bottom). This is a potential bounce zone. Ichimoku Cloud: Price is below the cloud, indicating short-term bearish momentum. 3. Chart Patterns & Possible Moves There is a descending correction triangle (drawn with black lines). Scenario 1 – Bounce from Support: Price could rebound from $4,100 and retest $4,176. Scenario 2 – Break Lower: If support breaks, next major target could be around $4,050–4,060. Short-term consolidation likely near current support before the PPI news release. --- Impact of PPI (Producer Price Index) News PPI measures wholesale inflation. A higher-than-expected PPI usually strengthens USD (because it increases expectations for Fed rate hikes), which pressures Gold lower. Lower-than-expected PPI weakens USD, boosting Gold prices. Based on the chart, the blue resistance zone is critical around PPI news: A positive PPI surprise → Gold may stay under $4,176 or even test support. A negative PPI surprise → Price could break above $4,176 and aim higher, potentially testing $4,200–4,210. --- Trading Insight Wait for PPI news before committing to new positions. Short-term trades: Buy near $4,100–$4,105 with stop-loss slightly below $4,099. Sell/short near $4,176–$4,180 if price fails to break resistance after the news.