Technical analysis by Pipsview_Analysis about Symbol PAXG on 4/7/2025

Gold (XAU/USD) Price Outlook: 🔸 Bearish Scenario: If the price of gold breaks and closes below the key support level of 3016, it will indicate a strong bearish signal. This breakdown would suggest that selling pressure is increasing, and we could see a continued downward move toward the next support zone. The immediate target in this case would be around 3002, where buyers may attempt to step in. A sustained move below 3002 could open the door for further downside. Key Levels to Watch: Support: 3016 (break level) Target: 3002/2978 Additional downside possible if 3002 fails to hold 🔸 Bullish Scenario: On the other hand, if gold breaks and closes above the resistance level of 3030, it will signal bullish momentum and a possible continuation of the uptrend. This breakout could trigger buying interest, pushing the price higher toward the next resistance levels at 3052 and 3065. These levels will act as short-term targets for bulls. Key Levels to Watch: Resistance: 3030 (break level) Bullish targets: 3052 and 3065 Further upside possible if momentum continues above 3065