Technical analysis by Nyraen about Symbol PAXG: Sell recommendation (11/18/2025)

Gold is moving near $4030 per ounce after a strong rebound from the 4230–4250 area, while the price remains below the Ichimoku cloud and within several unclosed price gaps, indicating an attempt to redistribute liquidity before determining the next trend. The 4000–3980 level represents a sensitive support point that buyers used to defend, while the 4070–4100 area has become a difficult barrier reflecting weak upward momentum. Declining prospects for a rate cut by the Federal Reserve pushed the dollar higher, which increased pressure on gold as a non-yielding asset. Delayed economic data due to the US government shutdown makes the Fed's stance more cautious, while Powell's recent comments reinforce the idea that higher rates will remain for a longer period. If the price declines towards 3970-3990 and new demand appears, gold may move towards 4100-4150, and with a breach of this range, the rise may extend towards 4200-4250.