Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (1/4/2026)

GOLD | Technical + Fundamental Outlook Fundamental Context (Why volatility is rising) Gold and silver are heading into a high-volatility week, driven by: Key U.S. economic data (labor market & inflation signals) Federal Reserve guidance expectations Geopolitical risk headlines, particularly surrounding Venezuela, after reports of a U.S. military operation involving Nicolás Maduro Markets are reacting to headline risk and uncertainty, which tends to increase intraday swings in safe-haven assets like gold, even when trends are technically corrective. TECHNICAL VIEW (XAUUSD – 4H) Market Structure Gold recently printed a new ATH, then faced strong rejection Price is now trading below the key pivot/supply zone Current structure suggests distribution → corrective downside Primary Bias Bearish / Corrective while below the pivot zone (~4379 – 4406) As long as the price remains capped below this zone, upside moves are corrective only. Bearish Scenario Rejection from the pivot zone Downside continuation toward: 4314 - 4291 A break below 4291 opens the path toward: 4255 - 4198 Bullish / Invalidation Scenario A clear 4H close above 4406 is required to invalidate the bearish bias Only then could gold re-target: 4472 4500+ (ATH continuation) Without this, rallies remain headline-driven pullbacks. Key Levels Pivot / Supply Zone: 4379 – 4360 Resistance: 4406 - 4472 – 4500 Support: 4314 - 4291 - 4255 Conclusion Fundamentals = volatility, not direction Technicals = corrective bearish below the pivot Geopolitical headlines (Venezuela) may cause spikes, but structure favors sell-the-rally unless 4406 is reclaimed on 4H