Technical analysis by SroshMayi about Symbol PAXG: Sell recommendation (11/6/2025)

SroshMayi
Gold – Bearish Momentum Builds | Key Support at 3983

GOLD | Fundamental & Technical 💎 🔻 Fundamental: Gold climbed back above $4,000 as traders weigh the impact of recent U.S. labor data on the Federal Reserve’s rate path. 🟢 With the Fed’s final 2025 meeting approaching and key data delayed by the U.S. government shutdown, markets face heightened uncertainty over the next policy move. 🟢 Despite the recovery, the broader trend remains technically sensitive near a key resistance zone. 🕯 Technically: Currently, gold is testing the 4025 resistance area. 🔽 As long as price remains below 4025, bearish pressure may continue toward 3983 → 3961. 🔼 A 1H close above 4025, however, would confirm renewed bullish momentum, targeting 4055, with an extended upside path toward 4105 if momentum accelerates. Key Levels Pivot Line: 4025 Resistance: 4053 · 4076 · 4105 Support: 3984 · 3961 · 3925GOLD | Overview Gold continues to consolidate within the 4025–3978 range, showing signs of indecision as traders await a clear breakout. The broader structure remains bearish, with sellers maintaining control while the price trades below 4009. As long as gold stays under 4009, the market is expected to remain in a bearish trend, targeting 3990 and 3978. However, a 15-minute close above 4009 would likely trigger a move toward 4025, and a confirmed break above 4025 would shift the bias to bullish, targeting 4056 and 4083. Pivot Line: 4009 Resistance: 4025 · 4056 · 4083 Support: 3983 · 3961 · 3921 Outlook: Gold remains bearish while below 4009, with consolidation expected until a decisive breakout occurs. A confirmed close above 4025 would shift sentiment toward a bullish continuation targeting 4056–4083.