Technical analysis by ProcessAndIntercept about Symbol PAXG on 3/8/2025

Gold has been showing interesting price action around key levels, forming a potential double top structure. The market tested the 2,930.19 resistance level, rejecting it sharply and showing signs of exhaustion.Possible Scenario:- Point A: Price is currently reacting from a key resistance level where liquidity is stacked.- Point B: A potential sweep of liquidity around 2,874.04, where price could create a demand zone before reversing.- Point C: If buyers step in after the liquidity grab at B, we could see a rally back into the resistance zone, targeting a break of 2,930.19.However, if the structure breaks lower without a strong buyer reaction, further downside could come into play, possibly targeting 2,820 as the next liquidity zone.Key Considerations:- Monitoring fundamental catalysts such as economic data and interest rate decisions. With NFP and Fed updates this week, volatility is expected!- Watching for confirmation of bullish intent after the liquidity grab.- Tracking volume to gauge potential momentum.🚀 Do you think gold will hold above 2,874.04, or will bears take over? Drop your thoughts below! 🚀#Tradingview XAUUSD