Technical analysis by elitetrader9090 about Symbol PAXG: Buy recommendation (4/3/2025)

Gold (XAU/USD) AnalysisThis chart provides a technical outlook on **Gold (XAU/USD)**, showing possible **bullish** and **bearish** scenarios based on price action and support/resistance levels. Bullish OutlookKey Support Holding**: Gold is staying above **$3,125-$3,130**, showing buyers are stepping in. - **Uptrend Structure**: Price is following a rising trendline, meaning bullish momentum is intact. - **Breakout Zone**: If Gold surpasses **$3,155-$3,160**, it could rally toward **$3,170-$3,180**, as no major resistance exists in that range. What to Watch?- A strong breakout with volume above **$3,155-$3,160** confirms upside potential. - Look for support at moving averages (EMAs) to validate trend continuation. Bearish Outlook- **Resistance Rejection**: If Gold fails to break above **$3,155-$3,160**, it might face selling pressure. - **Break Below $3,140**: If price drops under this level, it could target **$3,125-$3,110**, which is the next key support. - **Further Downside**: A breakdown below **$3,110** could lead to a deeper decline towards **$3,090-$3,080**. What to Watch? - A drop below **$3,140** with strong volume could confirm further downside. - If selling pressure increases, Gold may retest lower support zones. Final Thought Gold is currently in an **uptrend**, but traders must monitor key levels: ✔ **Bullish if** it breaks **$3,160** 📊 ✔ **Bearish if** it falls below **$3,140** 🔻 Stay cautious and wait for price confirmation before making a move! 🚀https://www.tradingview.com/x/khQmbwcU/