Technical analysis by TraderAceAcademy about Symbol PAXG: Buy recommendation (2/18/2025)

#XAUUSD 1H1. Key Price Levels • Current Price: $2,910.610 • Immediate Resistance: $2,914.365 • Immediate Support: $2,906.525 • Major Supply Zone: $2,936 – $2,944 (Marked in blue) • Major Demand Zone: $2,890 – $2,898 (Marked in blue)2. Market Structure & Price Action • Recent Momentum: Price has been moving in an upward correction after a sharp sell-off, forming a minor consolidation near resistance. • Rejection at Resistance: The current price action is struggling to break $2,914.365, showing early signs of exhaustion. • Bullish or Bearish Confirmation Pending: The price is at a decision point – it can either break out higher or reject and retrace lowerConclusion • The market is at a critical resistance level ($2,914.365). • A breakout could drive price toward the $2,936 – $2,944 supply zone. • A failure to break resistance could lead to a pullback toward $2,890 – $2,898.