Technical analysis by fxwithkay about Symbol PAXG on 2/7/2025

Gold is currently in a strong bullish trend on the H4 timeframe, consolidating near 2867 after a sharp rally. Based on NFP expectations:🔹 Possible Fake-out: We might see an initial bearish spike (liquidity grab) to sweep weak buyers before the main bullish move continues.🔹 Key Levels to Watch: • Support: 2845 - 2830 zone (potential buy area if price wicks down) • Resistance: 2875 - 2885 zone (if price breaks above, more bullish momentum)