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

1. What Happened Yesterday Gold broke below the key 4050 support zone and continued to decline, coming very close to the psychological 4000 level. This is the most significant bearish continuation we’ve seen since the strong rally earlier this month. 2. Current Market Context At the time of writing, price is showing only a weak and shallow rebound, hovering around 4017. Momentum remains bearish, and structurally, the market looks vulnerable to a clean break below 4K. 3. Technical Outlook If price continues lower, the 3950–3970 zone becomes highly relevant. This area represents a medium-term bullish demand zone, and a drop into it could offer a meaningful buying opportunity — but only with confirmation. Right now, the structure remains bearish. A genuine shift back to bullish conditions would require: - A reclaim of 4050, and more importantly - A stabilization above that level, not just a wick or intraday spike. Without that, any bounce is just noise inside a bearish trend. 4. Trading Plan - Bearish bias remains active as long as price trades under 4050 - A flush into 3950–3970 could be a buy zone, but only if price shows clear support and reversal signs - Until then, bulls are on defense, and shorts continue to have the advantage 5. Conclusion Gold is under pressure, and a break below 4K is a strong possibility. A deeper drop may eventually turn into an opportunity for medium-term buyers, but at this moment the structure is bearish and caution is required.