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

Gold continues to trade within a clear downtrend on the H1 timeframe, respecting the descending trendline and forming consistent lower highs. Price is now moving toward a major support zone — an area that has previously triggered strong bullish reactions — making it a critical level to watch for today’s session. Technical Outlook Trendline: Price continues to respect the descending trendline, confirming strong bearish control. Support Zone: 3,985 – 3,995 remains the most important demand area. This zone has acted as a reversal base multiple times. Resistance Levels: Immediate resistance: 4,025 – 4,035 (trendline confluence) Upper resistance: 4,065 – 4,075 Indicators: EMA Structure: Price remains below short-term EMAs → indicates sellers remain dominant. RSI: Approaching oversold territory, suggesting a possible technical rebound. Fibonacci: The 0.618 retracement aligns closely with the support area, increasing its reliability. Price Behavior The chart shows two previous consolidation boxes (accumulation phases), followed by expansions. The current structure is a deep pullback into major support. If selling pressure weakens at this zone, a short-term rebound toward the trendline is likely before the market decides its next major direction. Trading Strategy Scenario 1 – Bullish Rebound at 3,985 – 3,995 Wait for bullish confirmation candles + increasing volume. Entry: 3,995 – 4,005 Target 1: 4,025 Target 2: 4,065 Stop-loss: below 3,975 Scenario 2 – Breakdown Below Support Only trade if price closes clearly below 3,985. Entry: around 3,980 Target 1: 3,960 Target 2: 3,930 Stop-loss: above 4,010 Final Note The overall structure still favors the bearish side, but the support zone below is a decision point for the market. Observe price action carefully before entering. Follow for more daily strategies and insights, and save this analysis if you find it helpful.