Technical analysis by SmartEdgeTrading about Symbol PAXG: Sell recommendation (1/2/2026)

On the 4H timeframe, Gold previously showed a strong bullish move, pushing price up to the $4550 high, where price clearly faced a major resistance zone marked on the chart. From this resistance, the market reacted sharply and entered a very strong bearish correction. After rejecting the resistance area, price dropped aggressively from $4550 down to around $4300, creating a fast and impulsive sell-off. This move broke short-term structure and left a clear imbalance on the downside, visible through long bearish candles. Following the drop, price attempted a recovery but failed to break the near-term resistance zone around $4400. This level acted as resistance, and price was rejected again, confirming sellers are still active at higher levels. Currently, Gold is trading near $4330, moving between resistance above and a support zone below. The chart clearly highlights a support area around $4270–$4300, where price previously reacted and where buyers stepped in. The red arrow on the chart indicates a possible continuation move toward the lower support zone, suggesting that price may revisit the $4270–$4250 area before a stronger directional move occurs. 🔑 Key Levels from the Chart Major Resistance: $4550 Near-Term Resistance: ~$4400 Current Price Area: ~$4330 Support Zone: $4270 – $4250As per Analysis , wave favoured to Biased side , up to level 4310 , After that made a correction , It may Fall back soon , Stay tuned .