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

Price continues to trade within a descending structure, respecting a clear trendline acting as dynamic resistance. Each retest of the trendline has produced lower highs, confirming bearish order flow. Key Observations 🔹 Support Zone (Demand Area): Price is currently resting inside a strong support zone highlighted in red. This zone has previously generated bullish reactions, but recent candles show weakening demand. 🔹 Break of Structure (BOS): Multiple BOS levels confirm bearish momentum, suggesting sellers are still in control. 🔹 Weak Low Formation: The recent low is labeled as weak, indicating it may be targeted for liquidity before a potential reversal. 🔹 Tokyo Session Range: Price consolidated during Tokyo, forming a small distribution inside the trendline. Possible Scenarios 📈 Bullish Scenario If price rejects the support zone strongly and breaks above the descending trendline, we could see a bullish retracement toward the Strong High, targeting the upper yellow target zone (≈ 4080–4100). 📉 Bearish Scenario If support fails and price breaks below the weak low, expect continuation downward into the lower target zone (≈ 3940) where liquidity sits. Bias Short-term bearish as long as price remains under the trendline. Potential bullish reversal only if structure shifts (ChoCH/BOS to the upside).