Technical analysis by Raphael_TraderGOLD about Symbol PAXG: Sell recommendation (12/15/2025)

Market context Gold printed a strong impulsive leg from the 4,240–4,260 base, accelerating into the 4,350–4,360 supply area before facing a sharp rejection. Since then, price has transitioned into consolidation, holding above the prior breakout region rather than unwinding the entire move. This behavior suggests short-term balance after expansion, not immediate trend failure. Current structure - Supply zone: ~4,350–4,360, where the impulsive leg was capped - Range mid / current price: ~4,320–4,330 - Demand zone: ~4,280–4,290, aligned with the last breakout and rising EMA support Price remains above the rising EMA 34 (~4,292) and EMA 89 (~4,258), keeping the intraday structure constructive despite the loss of momentum. Candles are overlapping, reflecting indecision and rotational flow rather than directional commitment. Scenarios ➡️ Primary scenario: If buyers continue to defend the 4,280–4,290 demand area, price may remain rotational before attempting another push toward the 4,350–4,360 supply zone. ⚠️ Risk scenario: A sustained break below 4,280, followed by acceptance under the EMA structure, would weaken the bullish bias and expose a deeper pullback toward the 4,240–4,250 liquidity area.The price is still moving according to the predicted scenario - it will move sideways before reaching a new all-time high in the near future. Gold will definitely reach a new all-time high; it's just a matter of time, and the combination of macroeconomic news will accelerate this process.