Technical analysis by worldofprofits about Symbol PAXG: Buy recommendation (2/26/2025)

Gold (XAUUSD) is currently trading within a range-bound structure, forming key supply and demand zones.🔹 Key Levels & Zones:Strong Demand Zone (2H): Price recently tested a significant demand zone near $2,900 - $2,905, showing signs of potential bullish reaction.Fair Value Gap (FVG) Fill: There is an imbalance in price action, suggesting a temporary push upward to fill the gap before further moves.Strong Supply Zone: A major resistance area is identified around $2,945 - $2,950, making it a potential take-profit zone for buyers and an ideal level for fresh sell entries.🔹 Trade Plan & Expectations:Short-Term Bullish Move: Price may attempt to retrace higher towards the FVG fill area & supply zone, aiming for $2,940 - $2,945 before facing rejection.Bearish Continuation: Once the price reaches resistance, a potential sell-off could drive XAUUSD back towards the demand zone and possibly lower towards $2,880 - $2,885.EMA Confluence: The moving averages suggest an overall bearish trend, with price struggling to hold above key resistance levels.📉 Bearish Bias: If rejection occurs at resistance, watch for confirmation before entering short positions targeting the demand zone and lower support.📈 Bullish Scenario: If price breaks above $2,950, it could signal further upside momentum, invalidating the bearish setup.