Technical analysis by Henrybillion about Symbol PAXG on 4/28/2025

Currently, gold ( XAUUSD XAUUSD) is trading around 2331. On the H4 timeframe, gold remains in a high-efficiency downtrend. However, the market is awaiting a catalyst to trigger a breakout and escape the current stagnation.A critical support area to watch is around 3310 - 3312, where we see a clear battle between buyers and sellers, as reflected on the H4 candles. This zone could determine the next move for gold.XAUUSD Intraday Trading StrategySELL XAUUSD Entry: 3368 - 3370Stoploss: 3378Take Profit 1: 3360Take Profit 2: 3355Take Profit 3: 3350BUY XAUUSD Entry: 3310 - 3312Stoploss: 3306Take Profit 1: 3316Take Profit 2: 3320Take Profit 3: 3330Important Notes-Always set a Stoploss to protect your capital in all trading situations.-Prioritize trading upon confirmed signals within the analyzed price zones.