Technical analysis by MrMartin_11 about Symbol PAXG: Buy recommendation (11/17/2025)

Gold experienced a sharp decline earlier today, but price action is currently consolidating as it retests a key support zone around 4050, where a swift rebound is visible. Technically, price remains in an upward structure despite the pullback, suggesting that buyers are still defending major support levels. As long as price holds above this support, bullish momentum may continue, with market participants waiting for a confirmed breakout before a clearer directional move develops. From a fundamental perspective, gold edged lower on Monday, weighed down by a stronger U.S. dollar and reduced expectations of an interest-rate cut next month. Investors are likely to remain cautious as they await delayed U.S. economic data, which could provide further insight into the Federal Reserve’s policy outlook. If gold continues to trade within the current consolidation range while awaiting catalysts, bulls will need to maintain control above the support level to sustain upside momentum. A confirmed breakout above the near-term consolidation zone could open the path toward the next resistance levels at 4100 – 4132. 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 Supporting.