Technical analysis by TotoshkaTrades about Symbol PAXG on 4/10/2025

Technical OutlookOn the 4H chart, gold is forming a rising structure and is currently trading near the 3236–3260 resistance zone, aligned with the 1.272 Fibonacci extension. This area is expected to act as a short-term cap, with a potential corrective move ahead.🔹 Key Levels:Resistance: 3236, 3260Support: 3132–3140 (trendline), 3082 (horizontal zone)🔹 Formations:Potential retracement setup after an extended impulseExpected correction toward 3132–3140 (rising trendline)If support holds, price may resume the uptrend toward 3308 (1.414 Fibonacci extension)🔹 Indicators:RSI near overbought zoneMACD shows momentum weakeningEMA 50/200 continue to support the bullish trendFundamental DriversInflation concerns and soft landing expectations support safe-haven flowsMarket is pricing in potential Fed rate cuts in H2 2025Central banks continue to accumulate gold reservesDollar weakness provides additional support for gold pricesScenarioBase case:Rejection at 3236–3260 → pullback to 3132–3140 → continuation toward 3308Alternative:Break above 3260 → direct move to 3308.Break below 3132 → possible slide toward 3082.