Technical analysis by TraderAceAcademy about Symbol PAXG on 2/27/2025

#XAUUSD Daily1. Supply Zone (Upper Blue Box at ~2,942.78) • This represents a resistance level where sellers are active. • The price initially touched this level and reversed downward. 2. Demand Zone (Lower Blue Box at ~2,860 - 2,790.17) • This acts as a potential support level where buyers might step in. • If the price falls into this zone, it could rebound. 3. Current Price: 2,884.480 (-1.09%) • The price is pulling back after hitting the supply zone. • It is approaching the demand zone, where a reaction might occur.