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

There are moments when the market doesn’t need to shout for us to sense that a storm is coming . Gold right now is the clearest example: after a wild surge of more than 245 USD in just a few sessions, the market has gone quiet — but it’s the kind of quiet that doesn’t feel safe. The news backdrop is working against gold . The U.S. government reopening after 43 days means critical data is about to be released, giving the USD room to recover. At the same time, Fed officials continue to deliver hawkish messages , emphasizing they are not ready to cut rates while inflation remains high. This immediately tightens market expectations and puts direct downward pressure on XAUUSD. Looking at the chart, the recent drop was no surprise: price has broken the ascending trendline and is now retesting the 4,100 resistance zone , where the Ichimoku cloud forms dynamic resistance. Each bounce is getting weaker, showing the bulls are running out of strength . If gold keeps getting rejected at 4,100, a deeper decline becomes almost certain, with the first target near 3,980 — a confluence of previous lows and horizontal support, and a prime area for liquidity sweeps before a potential bottom forms. In summary, with unfavorable news, weak retracements , and technical structure leaning strongly bearish , gold is facing a very real risk of continuing its downward slide.