Technical analysis by TotoshkaTrades about Symbol PAXG on 4/5/2025

After a sharp drop and rebound, gold is now testing the 50% Fibonacci level around 3122. The key resistance zone lies between 3163–3167, where a breakout could open the path to 3218 (0.786 Fibo).🔹 Resistance levels:• 3163 – 0.618 retracement• 3167 – previous swing high• 3218 – 0.786 level & target🔹 Main Scenario:Breakout above 3163 leads toward 3218 continuation.🔹 Alternative Scenario:Rejection at 3163 → retrace to 3082 or 3033 before next move. Momentum indicators are bullish but approaching overbought territory.3163