Technical analysis by afzalforex110 about Symbol PAXG on 3/18/2025

This chart shows a technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Here’s what it indicates:1. Uptrend Channel – The price has been following a strong bullish trend, respecting an upward-sloping channel.2. Support & Resistance Levels – A key horizontal support zone around $3,024-$3,025 is marked, which could act as a potential bounce area.3. Potential Scenarios – Two possible movements are drawn:A bullish breakout continuation if the price sustains above the trendline.A pullback correction towards the support zone before another possible rally.4. Fibonacci/Concentric Circles – These suggest strong demand areas, indicating where price might react.5. News Events – Marked with U.S. flags at the bottom, signaling fundamental factors that may impact gold's movement.Overall, this chart suggests gold is bullish, but a pullback to the support zone is possible before further upside.