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

Gold is finding support on the 200EMA with volatility contracting in a triangle pattern as a large number of news releases approach. Fundamentals are displaying a bearish sentiment but the market could already have factored that in with the recent price drop so prepare for some fake breaks and reversals before any sustained breakouts in the final direction. Institutional traders watch the higher timeframe 200 MAs closely, so observe how price responds to the 1 and 4 hour levels before confirming a trade direction.