Technical analysis by MR_gold2 about Symbol PAXG on 11/17/2025

Gold is the beginning of a new week that begins with strong price fluctuation in critical areas Current price: 4080 – 4070 ■ First: Technical analysis ✔ Trend •The biggest trend: bullish •Intermediate trend: a downward correction that ended at 4020 – 4050 •Intraday trend: Bullish reversal attempts after forming a strong bottom ✔ Technical data on the chart •Cross between the averages appeared → indicates weak downward momentum. •The price is still above all areas of strong demand. •The recent decline has been completely absorbed → clear buying appetite. ■ Second: Elliott Wave analysis •The drop was Wave 4 Correction. •The price is currently at the beginning of a bullish Wave 5. 🎯 Wave 5 objectives: 14125 24170 34230 ■ Third: Time Cycle analysis •An upward time cycle that extends until November 22. •The current movement is consistent with the bullish time window. •There is no bearish peak before the 22nd, which supports the rise. ■ Fourth: Digital analysis 🟢 Digital supports •4070 •4050 •4020 •3970 (major bottom) 🔴Digital resistors •4100 •4125 •4140 •4170 •4230 •4310 ■ Fifth: Fundamental analysis •The dollar is under pressure. •The Fed’s statements tend to calm down. • Yields decline = direct support for gold. •Markets return to safe havens. 👉 Fundamentals = positive for gold at the moment. ■ Sixth: Price Action •Strong price rejection candles from 4050 – 4070. •Long Tail formation below the area → institutional entry. •The price returning above 4080 is a bullish confirmation candle signal. ■ Seventh: Support & Resistance 🟢 Supports •4070 •4050 •4020 🔴 Resistors •4100 •4125 •4140 •4170 ■ Eighth: Chart Patterns •Continuation of the ascending channel. •The last landing was inside the channel and did not break it. •A Bullish Reversal pattern is forming now. ■ Ninth: Digital models AB=CD •AB=CD pattern completed at 4050 → 100% upside support. ■ Tenth: Harmonic •Bullish Bat pattern bounced from the PRZ (4020–4050). •His goals are 4170 – 4230. ■ Eleventh: S&D demand and supply areas 🟢 Request •4070 – 4050 •4050 – 4020 •4020 – 3970 (main order) 🔴 The offer •4100 – 4125 •4140 – 4170 •4230 – 4310 ■ Twelfth: Pivot point Pivotal point for today: 4125 •Above 4125 → returns gold to the strong rise towards 4170 then 4230. •Underneath → a slow gradual rise. 🎯 Final recommendation – 🟢Looking for a reversal signal to buy •4070 (excellent) •4050 (ideal) •4020 (golden opportunity) 🎯 Goals 14100 24125 34140 44170 54230 Important note We do not provide you with financial and investment advice Rather, we provide you with scientific and educational content You are the only person responsible for pressing the buy and sell button Analyst Engineer Ihab Sayed Al Thahab channel