Technical analysis by Elena_Tradia about Symbol PAXG on 3/24/2025

Gold has pulled back after breaking above 3032.54 on the 4H chart, now testing support at 3004.50. A bounce from this level could lead to a retest of 3032.54 and a continuation toward 3041.50, while a break below 3004.50 may signal a deeper correction to 2984.70. Fundamentals like geopolitical tensions, inflation fears, and a weaker dollar support Gold, but a stronger dollar and potential profit-taking by banks (per COT data) could cap gains. Trade with caution and proper risk management!Trading Setup:* Buy Scenario: * Entry: On a bounce from 3004.50 with a 4H candle close above 3013 (confirmation of support). * Stop Loss: 2995 (below support). * Target: 3032.54 (first target), 3041.50 (second target). * Risk/Reward: ~1:2 for the first target.* Sell Scenario: * Entry: Below 3004.50 (break of support). * Stop Loss: 3013 (above support). * Target: 2984.70 (first target), 2981.50 (second target). * Risk/Reward: ~1:1.5 for the first target.