Technical analysis by K3FOERX about Symbol PAXG on 5/22/2024

XAUUSD Update 📊 Gold Spot Trading Zones Update 📊🔴 Supply ZonesUpper Supply Zone (Around 2430-2440)Strong selling pressure here.Price reverses downward, ideal for selling opportunities.Lower Supply Zone (Around 2415-2425)Significant resistance.Sellers push the price down.🔵 Demand ZonesMain Demand Zone (Around 2370-2380)Strong buying interest.Price finds support and moves up.Minor Demand Zones (Visible in blue rectangles within the price movement)Smaller areas of buying interest.Buyers step in to push the price higher.💡 Key Takeaway: These zones highlight where buyers and sellers are most active. Use them to identify potential buy and sell opportunities in your trading strategy!