Technical analysis by Nyraen about Symbol PAXG: Buy recommendation (11/19/2025)

Gold witnessed a strong upward movement after rebounding from the $4,000 per ounce level, as purchasing demand clearly appeared in an important support area. This rise brought the price back inside the Ichimoku cloud and pushed it towards the resistance located between $4075 and $4085, which is the area that will determine the price’s next path. The success of the breakout may push gold to $4100-4120, while failure may return it to the 4040-4030 range to rebalance. Fundamental factors support this rise; Global markets are declining, and US economic data is weak, especially in the jobs sector, which prompts investors to move away from high-risk assets. China's continued strengthening of its gold reserves adds additional strength to the uptrend and reflects activity on the part of large capitals.