Technical analysis by Paradise_Noir about Symbol PAXG: Sell recommendation (11/18/2025)

Gold prices declined during the Asian trading session on Tuesday, continuing the recent downtrend. The weakening confidence in the Federal Reserve's potential rate cut in December has provided strong support for the US dollar , putting pressure on gold and other non-yielding assets. Furthermore, the caution ahead of the delayed September non-farm payroll report, expected to be released this week, is also benefiting the US dollar and driving gold prices lower. On the chart, we can see that gold is currently moving within a mild downtrend, with a price structure forming a “cup and handle” pattern, setting up for a possible pullback. The resistance level at 4,120,000 USD is quite strong, and if the price fails to break this level, gold is likely to continue its decline toward the next support levels around 4,080,000 USD and 4,000,000 USD. In particular, the support zone near 4,000,000 USD is a key area to watch, where prices may bounce if selling pressure is not too strong. However, given the current downtrend, the potential for further declines below 4,000,000 USD is highly probable. Trade Strategy Recommendations: Sell: If gold fails to break the resistance at 4,120,000 USD and continues to decline, consider opening a sell position with targets near 4,080,000 USD and 4,000,000 USD. Buy Against the Trend: Consider short-term buy orders if gold rebounds from the 4,000,000 USD support zone, but only trade with low risk and within a short time frame. Be sure to closely monitor the important resistance and support levels , particularly around 4,080,000 USD and 4,000,000 USD, to make accurate trading decisions.