Technical analysis by SOAM_PRO_TRADER about Symbol PAXG: Sell recommendation (4/2/2025)

Gold (XAU/USD) Technical Analysis – 4H Chart Price in Range Gold is currently consolidating between a key resistance area around $3,140 and a support area near $3,112 or 3100. This range suggests indecision in the market as bulls and bears battle for control. Resistance and Support Levels - Resistance Area: $3,130 Or 3140, A breakout above this level could lead to further upside. - Support Area: $3,112 Or 3100 – Holding above this zone could maintain bullish momentum. - Buying Area: $3,084 – $3,086 – A strong demand zone that previously triggered a price bounce. Volume Analysis – Caution on Selling Pressure There is high selling volume near resistance, signaling potential weakness and a possible rejection. If selling pressure continues, gold may test support levels again before any bullish breakout attempt. Key Takeaway - A break above $3,140 could confirm further bullish momentum. - A rejection from resistance may push gold towards support or the buying area. - Watch for volume confirmation before entering trades. If you enjoy, press the like button.it was activated from 3133