Technical analysis by Saeed966 about Symbol PAXG: Buy recommendation (4/11/2025)

📊 XAU/USD Daily Technical Outlook – April 11, 2025 Gold rebounded strongly during Friday’s session, climbing from early lows around $3,177 to reach a high of $3,237. This bounce followed a brief correction the day before, as buyers stepped back in near key psychological levels. The move was partially driven by ongoing geopolitical tensions and renewed demand for safe-haven assets. At the moment, gold is trading around $3,212, holding its gains firmly into the weekly close. The broader market remains bullish, with the uptrend still intact unless key supports are breached. 📈 Current Market Structure: After Thursday’s pullback, Friday’s strong bullish candle suggests renewed momentum. Price is still moving within an ascending structure, and the sharp recovery could be an early signal of a continuation toward new highs. 🔹 Key Resistance Levels: $3,237: Immediate resistance. Friday’s high. A break above this level could trigger further bullish continuation. $3,280: Potential upside target if momentum continues. $3,300: Psychological resistance and potential long-term target. 🔸 Key Support Levels: $3,177: Intraday support. If gold pulls back again, this level may provide a bounce. $3,150: Near-term support and a key structural level. $3,095: Deeper support, marking the bottom of the previous breakout area. 📐 Price Action Patterns: Friday's bullish engulfing candle signals strong buying pressure, especially after Thursday’s correction. If buyers defend current levels early next week, we may see a bullish continuation. However, failure to break $3,237 may trigger another consolidation phase. 🧭 Potential Scenarios: ✅ Bullish Scenario: If gold breaks and holds above $3,237, this could trigger a move toward $3,280 or even $3,300. Buyers remain in control as long as price stays above $3,177. ❌ Bearish Scenario: If gold fails to push above resistance and breaks below $3,177, we could see a retest of $3,150, and possibly deeper toward $3,095 if bearish momentum increases. 📌 Conclusion: Gold showed resilience on April 11, recovering sharply from a brief dip and closing the week on a strong note. The market structure remains bullish, and a sustained break above resistance could lead to fresh all-time highs. Traders should continue to monitor geopolitical news and dollar strength for clues on short-term direction. 💬 What’s your take on gold heading into next week? Will bulls take control again, or are we in for more consolidation? Drop your thoughts below! Let me know if you want a version ready for TradingView or with hashtags and emojis for social media!