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

XAUUSD Update 📊 Gold Spot Trading Zones Update 📊 🔴 Supply Zones Upper 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 Zones Main 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!