Technical analysis by SMC_Trading_Point about Symbol PAXG: Sell recommendation (11/17/2025)

Gold is currently moving inside a sideways range, with price contained between the 4070–4075 support zone and the 4100–4105 resistance zone. This type of price action shows that the market is consolidating after recent volatility. Price is now trading near the upper boundary of the range, where 4100–4105 has acted as resistance multiple times. If the market respects this resistance area, it may gradually shift back toward the 4050 region, which aligns with the mid-range structure. This scenario reflects how markets often rotate within defined boundaries during periods of low directional conviction. Even though the market is ranging, the overall structure remains below key swing highs, which means the larger trend context is still bearish. This gives traders a reason to observe how price behaves at the top of the range rather than expecting an immediate breakout. In such conditions, many traders focus on reaction based entries instead of strong trend following setups. Sideways phases like this are often used for scalp style observation, where reactions at support or resistance form the key reference points. A confirmed breakout on either side of the range could shift the behavior into a new phase, but until that happens, the range remains valid. Watching how price behaves at 4100–4105 is an important part of understanding the next steps, whether rejection or continuation. This analysis is shared purely for educational purposes, helping traders understand how supply, demand, and market structure interact in a range bound market.Gold dropped directly from the 4092 area without retesting the main resistance at 4100–4105. This showed a continuation of bearish momentum already present in the structure. Price moved toward lower liquidity levels as sellers remained in control. Educational observation only, highlighting how untested zones can still lead to strong moves.