Technical analysis by Learn_And_Earn_Trading about Symbol PAXG on 3/25/2025

Trend Overview: Gold is currently trading within a downward channel after a strong bullish trend.Key Levels:Resistance: Around 3,040Support Zones: 3,000 and 2,980Market Structure:The price has formed lower highs, confirming a bearish channel.A break above resistance may push the price towards 3,040+.If the price stays below the support zone (3,000), further downside toward 2,980 is possible.Trading Strategy:Bullish Scenario: Break above the channel resistance may lead to a reversal.Bearish Scenario: If rejection occurs at the current resistance, gold may continue its downtrend.Trade wisely and manage risk!What are your thought? Let me know in the comments.Support me with likes and follow.