Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (11/16/2025)

Gold maintains a bullish market structure overall; however, price action suggests it has entered a corrective phase within the current trading range. There is a possibility that price could move lower to test nearby support levels before determining its next direction. On Friday, gold declined by approximately 3% amid a broad market sell-off triggered by hawkish comments from a U.S. Federal Reserve official, which reduced expectations of a potential interest rate cut in December. If bulls successfully defend key support and a strong rejection or bullish reversal pattern forms, gold could resume its upward momentum. Should this scenario play out, price may rally and target the 4115 – 4160 zone. You may find more details in the chart, Trade wisely best of Luck Buddies. Ps; Support with like and comments for better analysis Thanks for Support.