Technical analysis by F0rexBorex about Symbol PAXG on 5/11/2025

* **Timeframe:** 1-Hour (H1)* **Instrument:** XAU/USD* **Indicators & Levels Used:** * EMAs 9 & 21 period * Key horizontal support/resistance levels * Pivot levels (weekly, daily, monthly) * Marked **Buy** at 3322.365 and **Sell** at 3318 * Daily Open: 3372.775 * Daily High: 3414.790 * Daily Close: 3305.980 * Daily Low: 3286.805---### 🔍 **Technical Analysis:**#### 1. **Trend Context:*** The overall **short-term trend** is sideways to slightly bearish.* Recent price action formed **lower highs and higher lows**, indicating **consolidation**.* Price is currently trading **below the Daily Open** (bearish intraday bias).* EMAs are converging, showing **reduced momentum** after prior volatility.#### 2. **Buy Entry at 3322.365:*** This is a **reasonable support-retest buy**, taken just above a former demand zone and near the **Daily Close**.* Likely logic: price bounced from the **3310–3318 support area**, tested the weekly pivot zone and EMAs, signaling a bounce.* **However**, the proximity to strong resistance at 3340–3350, and lack of strong momentum, suggests this buy was short-lived or scalped.* **Risk:** Weak buying pressure above this level and failure to reclaim 3340 meant it couldn't reach 3360+.#### 3. **Sell Entry at 3318:*** This is a **strategic sell**, probably expecting a break below short-term structure and aiming for the 3300/3288 area.* Price tested the EMAs and was rejected—classic **pullback entry after lower high**.* A clear **bearish setup**: break below structure, retest and failure at dynamic resistance.* **Target zones:** * 3300 – psychological round number + minor support * 3288/3278 – structural lows * 3240 – weekly support and major reaction zone#### 4. **Key Levels & Zones:*** **Resistance:** * 3340: Short-term cap * 3368 – 3382: Supply area * 3418 – 3450: Strong resistance, but far from current price* **Support:** * 3310 – 3300: Near-term support * 3288 – 3278: Major demand zone (watch for buy reaction) * 3240: Weekly support – high-probability reaction zone if reached#### 5. **EMA Structure:*** EMAs are turning sideways, but currently acting as dynamic resistance.* Price attempted to reclaim them during the Asian/early European session but was rejected — bearish signal.#### 6. **Market Sentiment:*** Momentum has cooled.* Failure to maintain above 3340 signals weak bullish conviction.* With price below daily open and rejecting the EMAs, bias is now **tilted bearish** unless 3340 is reclaimed convincingly.---### ✅ **Conclusion & Strategy:*** **Bias:** Bearish below 3340; neutral between 3300–3340; bullish above 3360.* **If holding short from 3318:** This is a solid entry. Consider partial profits at 3300/3288 and trailing stop to break-even.* **If looking for re-entry:** * Sell pullbacks below 3325 if 3300 is broken. * Buy only with confirmation above 3340 and reclaim of 3360.* **Upcoming key areas to watch:** * **3288 – 3278:** Ideal for long entries with tight stops (watch for bounce/candlestick reversal patterns). * **3368 – 3382:** Strong rejection zone if price reclaims 3340—good for short setups.