Technical analysis by K3FOERX about Symbol PAXG on 5/23/2024

XAUUSD XAUUSD DAILY UPDATE 📊 Gold Spot Trading Zones Update 📊 🔴 Supply Zone (Around 2360-2380) Strong selling pressure. Price tends to drop from this level. Ideal for potential sell opportunities. 🔵 Demand Zone (Around 2330-2350) Significant buying interest. Price finds support here and tends to rise. Look for buy signals. 🔵 Buy Zone (Around 2310-2320) Strong area of buying interest. Price often reverses upwards from this zone. Great for potential buy opportunities. 💡 Key Takeaway: Use these zones to identify key support and resistance levels for better trading decisions!