Technical analysis by smarttradingstar about Symbol PAXG on 3/21/2025

Gold (XAU/USD) 1H Chart Analysis**Bullish Scenario (📈 Uptrend Potential)**- **Key Resistance:** $3,030 - **Support Holding:** Price found support around $3,000 and is attempting to recover. - **EMA Support:** If price reclaims above the **21 EMA ($3,025)** and **50 EMA ($3,030)**, bullish momentum could build. - **Breakout Confirmation:** A clear break above $3,030 with strong volume could push gold toward the **$3,050-$3,060** zone. - **Buy Trigger:** A higher low formation around **$3,018-$3,020** with bullish confirmation signals. **Bearish Scenario (📉 Downtrend Risk)**- **Key Support:** $3,000 - **Resistance Rejection:** Price is testing the **$3,025-$3,030 resistance zone**, and failure to break could lead to another rejection. - **EMA Resistance:** If gold stays below **$3,025**, sellers might regain control. - **Breakdown Confirmation:** A drop below **$3,000-$2,995** could trigger further losses toward the **$2,980-$2,960** support zone. - **Sell Trigger:** A clear break and close below $3,000 with increased volume. 📌 **Conclusion:** - **Above $3,030 = Bullish potential toward $3,060** - **Below $3,000 = Bearish breakdown toward $2,980** - **Current Trend:** Range-bound with short-term recovery attempts.https://www.tradingview.com/x/3O8yOzKe/