Technical analysis by Falcon-Trading-Signals about Symbol PAXG on 4/15/2025

Falcon-Trading-Signals
Gold in Tight Range – Watch for Breakout at $3,180/$3,245

🔍 Market Overview:Gold remains in a consolidation phase near multi-year highs, hovering around the $3,200 level. The prior high of $3,245 acts as short-term resistance, while the $3,175–3,180 area offers critical support. Although price momentum has paused, the broader bullish structure remains intact.Macro catalysts including geopolitical uncertainty, ongoing central bank gold accumulation, and fragile fiscal-monetary dynamics in the U.S. continue to favor long-term bullish positioning.🔮 Trend Outlook:Medium-Term Bias: Bullish continuation remains likely, with potential for breakout above $3,245 toward $3,265–3,270.Short-Term Risk: A breakdown below $3,175 could trigger a deeper retracement to $3,150 or even $3,120.🎯 Trade Strategies🟢 Buy on Dip (Primary View)Entry Zone: $3,185–3,175Stop Loss: Below $3,165Targets: $3,220 / $3,245 / $3,265–3,270 (on breakout)🔴 Tactical Short (Countertrend Idea)Entry Zone: $3,235–3,245Stop Loss: Above $3,252Targets: $3,210 / $3,185✅ Summary: Maintain a buy-on-dip approach, with tactical short positions at resistance levels. A confirmed breakout above $3,245 warrants bullish continuation trades.🎯 Entry: Sell at $3,230🛡️ Stop Loss: Above $3,240🎯 Target Zone: $3,190 – $3,180📌 Rationale:Gold is showing signs of resistance around the $3,230 level, a prior high and congestion zone. Failure to break above $3,240 could lead to a short-term pullback, offering a tactical short opportunity.