Technical analysis by Artiverma256 about Symbol PAXG on 3/24/2025

This 4-hour (4H) XAU/USD (Gold vs. USD). It includes key support and resistance zones, trendlines, and possible market scenarios.Detailed Breakdown:1. Market Structure & Trend Analysis• The price was previously consolidating in a sideways range (highlighted by the grey box).• After breaking out of this range, the price moved into an upward channel, showing bullish momentum.• However, the price has now broken below the channel, indicating a potential shift in trend.2. Key Technical Levels• Support Zone (Red Box - Around $3,000):• This area is a key decision point for the market.• If buyers step in, we may see a bullish bounce leading to higher prices.• If sellers dominate, a break below could trigger a deeper drop.• Resistance/Target Zone (Green Box - Around $3,080):• If the price finds support and continues upward, this is the likely target.• This area represents previous highs, which could act as resistance.• Bearish Target Zone (White Box - Around $2,900):• If the price fails to hold above the red support zone, sellers may push it down to this level.• This level aligns with previous price action, making it a logical downside target.3. Possible Trading Scenarios1. Bullish Case:• Price bounces from support and starts moving back up.• Confirmation of a bullish structure could come from a strong bullish candlestick or price reclaiming the previous trendline.• The target for this move would be $3,080.2. Bearish Case:• Price breaks below support, confirming a bearish continuation.• This could lead to further selling pressure, pushing the price towards $2,900.4. Market Psychology & Trader Strategy• The red support zone is a critical liquidity area where both buyers and sellers are active.• A break below could trigger stop losses and increase selling pressure.• A strong bounce could attract buyers looking for a reversal.• Traders should watch volume, candlestick patterns, and market reaction at these key zones to make informed decisions.Conclusion:• Gold is at a critical level, and its next move will depend on how it reacts to the $3,000 support zone.• A breakout above could lead to a retest of $3,080, while a breakdown below could send prices toward $2,900.• Traders should wait for confirmations before entering trades and use risk management strategies accordingly.Active Trade bullish momentum 320 pips running..