Technical analysis by Ali-Traders-Pro about Symbol PAXG on 11/18/2025

📈 Professional Technical Analysis — XAU/USD Below is a clean, structured breakdown of the chart you provided, including trend context, key levels, and potential scenarios. 🔍 1. Market Structure Overview The chart shows a descending wedge pattern forming after a previous rally. Price is currently moving downward inside this wedge, approaching a major support zone near $3,885–$3,871. This structure often signals potential bullish reversal, especially when combined with strong support. 🧱 2. Key Levels to Watch 🔴 Resistance Zone: $4,381 – $4,392 Strong supply zone where previous rallies were rejected. 🟧 Mid-Level Support/Resistance: $4,167 – $4,158 A pivot level that acted both as support and resistance. A break above it signals bullish continuation. 🟦 Support Line of the Wedge: Price is compressing toward this diagonal support. ⬛ Major Support (Bottom): $3,885 – $3,871 Critical demand zone—loss of this would invalidate the bullish wedge scenario. 📉 3. Current Price Behavior Price is declining inside a contracting wedge, typical of exhaustion selling. Volume and candle structure show weakening bearish momentum. The chart highlights a potential bullish bounce near wedge support, indicated by the green projection. 📈 4. Expected Scenarios 🟢 Bullish Scenario (Primary) If price taps the wedge bottom near $3,885 and holds: Expect a bounce toward $4,167 (first target). Break above this level opens the move toward $4,300+. Pattern: Bullish Wedge Breakout 🔴 Bearish Breakdown (Alternative) If $3,871 support fails: Expect selloff continuation toward lower unmarked levels. Pattern: Wedge Failure → Continuation Trend ⚖️ 5. Professional Outlook The chart suggests bullish probability is increasing, but confirmation requires: A reversal signal at wedge support A break & retest above $4,167 Until that happens, the trend remains short-term bearish.