Technical analysis by RakyatTrader about Symbol PAXG on 5/15/2025
https://sahmeto.com/message/3515931

RakyatTrader
Rank: 721
Analytical Power:
2.6
XAUUSD Testing 78.6% Fib Supply – Key Reversal or Breakout Zone
Neutral
Price at Publish Time:
$3,232.38

🔍 Quick Technical Overview:XAUUSD is currently testing the 78.6% Fibonacci retracement supply zone near 3,223. If the price gets rejected here, a pullback to the demand area at 3,142 or even to the daily demand zone around 2,979 is highly possible.However, if the price successfully breaks and holds above 3,223, bullish continuation toward 3,266 and 3,325 is the likely scenario.🧭 Scenarios:– Bearish: Rejection from 3,223 → drop to 3,142 / 3,105 → possible continuation to 2,979– Bullish: Breakout above 3,223 → retest → target 3,266 / 3,325⚠️ Wait for price action confirmation before taking positions. This is a key decision zone.#XAUUSD #GoldAnalysis #SupplyDemand #Fibonacci #PriceAction #TeknikalAnalisis #TradingIndonesia
Source Message: TradingView