Technical analysis by TradingStar090 about Symbol PAXG on 4/1/2025

Gold (XAU/USD) Chart Analysis**Current Price & Trend:** - Gold is trading around **$3,132.70**, showing continued bullish momentum. - The price is **above all key EMAs** (7, 21, and 50), confirming an **uptrend**. **Key Levels:** - **Resistance (~$3,140-$3,145)** → Price tested this level but struggled to break higher. A successful breakout could push Gold towards new highs. - **Support (~$3,127-$3,130)** → The price is holding above this zone; if it remains stable, more upside is possible. - **EMA 50 ($3,110.38)** → This acts as a dynamic support level. A break below it may signal weakness. **Bullish Scenario:** 📈 - A **break above resistance** at **$3,140-$3,145** could trigger further upside. - Volume increase would confirm strong buying momentum, with targets towards **$3,160-$3,170**. **Bearish Scenario:** 📉 - If the price **fails to hold support** at **$3,127**, a pullback to the **EMA 50 ($3,110)** is likely. - Breaking below **$3,110** could shift momentum bearish, targeting **$3,070-$3,080**. **Conclusion:** Gold remains **bullish** but is facing resistance. A breakout could push prices higher, while failure may lead to a correction. Traders should watch key levels for confirmation. 🚀https://www.tradingview.com/x/24fWr9cw/Bearish drop from $3,127 to $3,102**, reflecting strong selling pressure. Resistance held firm, triggering profit-taking and fresh short positions. **Bearish Scenario** - **Selling Pressure:** Increased liquidation due to profit-taking and technical weakness. - **Support at $3,102:** Holding for now, but a break could push prices toward **$3,090-$3,080**. **Potential Moves** - **Bounce from $3,102?** Buyers stepping in drive a recovery to **$3,115-$3,120**. - **Break below $3,102?** Further downside likely, targeting **$3,090 or lower**. 📉 **Key Level:** Watch **$3,102** for the next move!the price bounced from 3102 to 3162 guys huge move now time to close all trades