Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Buy recommendation (3/30/2025)

Gold (XAU/USD) Technical Analysis – 1H ChartKey Levels: - Weekly High: $3,087 - Friday Low (Support Zone): $3,054 - Weekly Low: $3,003 Market Structure: Gold has been in an uptrend, breaking through previous resistance, which has now turned into a support zone (demand area). The price is currently consolidating near the weekly high after a strong bullish rally. Potential Scenarios: 1. Bullish Continuation: If the demand zone ($3,054) holds, price could retest the weekly high ($3,087) and potentially break higher. 2. Pullback Before Rebound: A minor retracement to the demand zone before a bounce is likely, as indicated by the blue arrow. 3. Bearish Breakdown: If price falls below $3,045, it may test deeper support near $3,003. Conclusion: Gold remains bullish as long as it holds above the demand zone. A breakout above $3,087 could push prices higher, while a break below $3,045 may lead to further downside.If you enjoy, press the like button.Trade was activated from 3057Price touched 3127, 700 pips+ achieved.