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

■ First: Technical analysis ✔ General trend: •Clearly falling on the hourly frame. •The price is fluctuating under a very strong resistance 4080–4085. •The downward channel is still in control and has not been broken. ✔ Important Note: •Every attempt to rise ends with a rapid decline → This means that the sellers are still in control. ⸻ ■ Second: Elliott wave analysis Waves Wave mode refers to: ✔ Gold inside a wave: C is falling From the ABC model. Wave C is not over yet, and its main target is within the areas: 🎯 4035 – 4010 Then a strong rebound wave begins (new wave 1). ⸻ ■ Third: Time Cycles analysis •The downward time cycle began on November 13th. •The end of the time cycle is expected between: ⏳ November 15 - 16 - 17 These are the same areas where a “mini weekly bottom” is expected to form. ⸻ ■ Fourth: Fibonacci numerical analysis •0.618 is located at: 4048 •0.786 is located at: 4015 → Very high retracement areas. ⸻ ■ Fifth: Fundamental analysis Current factors: •The dollar is strong. •The Federal Reserve tends to tighten. •There is no global fear currently driving gold. But: Gold is stable above 4000 = buyers are still in the picture. ⸻ ■ Sixth: Price Action •The last candles are narrow and show a consolidation inside the channel. •There is no trend break so far. •A small bounce...but without clear purchasing power. ⸻ ■ Seventh: Supports and resistances 🟢Supports: 1.4060 2.4045 3.4030 – 4010 (strongest support) 🔴 Resistors: 1.4085 2.4105 3.4140 – 4200 heavy display areas ⸻ ■ Eighth: Smart supply and demand zones 🟢 Request: •4045 – 4030 •4030 – 4010 (main retracement area) 🔴Offer: •4085 – 4100 •4140 – 4200 large sale block ⸻ ■ Ninth: Harmonic Model: ✔ Bullish BAT (in progress) Ideal reflection area: 🎯 4025 – 4010 ⸻ ■ Tenth: Digital models – FVG Higher price gaps still waiting to close: •4090 •4120 •4170 The price often returns to close after ending the decline. ⸻ ■ Eleventh: Pivot Zone Today's pivotal area: 4075 – 4085 If the price is below it = a fall Price being above it = bullish reversal Now the price is below it → means a downtrend. ⸻ 🎯 Final conclusion + recommendation ✔ Current trend: Bearish within a bearish channel There is no breakage yet. ✔ Expected scenario: 🔻 The strongest scenario: Falling towards: 4045 → 4030 → 4010 From 4010-4030 the rebound begins. 🔼 Alternative scenario: If 4085 is broken by an hour candle → the decline ends and the rise begins towards 4105 – 4120 ⸻ 💎 Technical recommendation (not financial advice) ❌ No purchase currently from 4070 Because the price is inside the channel and without confirmation. ✔ Best Buy: 4035 – 4010 First target: 4080 Second goal: 4120 ✔ Best Selling: 4085 – 4100 Goal: 4045 ⸻ 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