Technical analysis by Henrybillion about Symbol PAXG on 11/18/2025

XAU/USD – Price Breaks Consolidation and Retests Downtrend Line, Bearish Momentum Strengthens Gold continues to show a clear bearish structure on the H1 timeframe. After many hours moving sideways inside a tight consolidation box, price has broken below the lower boundary and is now retesting the descending trendline from above. This confirms that sellers are still dominating the short-term market structure. The breakout occurs in alignment with the broader downtrend, supported by declining highs and consistent rejections at the trendline. Volume increases during the breakdown suggest real selling pressure rather than a false move. Technical Structure Overview Trendline: Price retests the descending trendline and reacts immediately, showing strong selling interest. Consolidation Box: Previous range acted as temporary support but has now turned into resistance. EMA Behavior: Price continues trading below short-term EMAs, reinforcing bearish bias. RSI Signal: RSI remains below the midpoint, showing no signs of bullish divergence. Key Levels to Watch Resistance Zones 4023 – 4025: Retest zone at the broken consolidation range. 4040 – 4044: Higher resistance aligned with EMA clusters. 4050 – 4054: Major H1 resistance and previous supply zone. Support Zones 4011 – 4008: First short-term support area. 3999 – 3988: Stronger support with historical buying pressure. 3975 – 3967: Deeper support zone and Fibonacci confluence area. Trading Strategy for Today 1. Bearish Continuation Setup (Primary Plan) Entry Zone: 4019 – 4023 (retest of the broken range and trendline) Stop-Loss: Above 4028 – 4032 Target 1: 4008 Target 2: 3995 Target 3: 3978 This setup aligns with the dominant downtrend and offers a favorable risk-reward profile. 2. Alternative Bullish Scenario (Only if conditions change) A bullish recovery only becomes valid if: Price reclaims 4040 on H1 Candle closes firmly above the trendline and EMAs If this happens, price may attempt a move toward 4054 and 4065. Price Outlook As long as gold remains below the descending trendline, the path of least resistance continues to be down. Bears are in control, and any pullback toward resistance should be viewed as an opportunity to follow the trend. Remember to follow your plan and adjust position size carefully. If you find this analysis helpful, save it for later review or follow for more daily trade strategies.