Technical analysis by Nyraen about Symbol PAXG: Sell recommendation (11/21/2025)

After the decline from 4.110, gold is stuck in the 4.078-4.066 band. On the 2-hour chart, the price is standing at the edge of the Ichimoku cloud and the FVG on the alt side acts as a possible buffer. Successive small red candles indicate profit taking rather than a trend reversal. The 4,045–4,035 range is important because it coincides with both the liquidity zone and the lows of the 19–20/11 consolidation. The price usually clarifies its direction by testing such zones. The macro picture is against gold: 119k NFP data weakened interest rate cut expectations, the dollar strengthened, the rise in technology stocks increased risk appetite. Bond yields and the decline in oil prices also limit safe haven demand. In these conditions, the most likely scenario is for the price to collect liquidity by sagging towards 4.045–4.035 and then attempt to recover to the 4.095–4.115 region.