Technical analysis by RakyatTrader about Symbol PAXG on 5/18/2025

XAUUSD is currently in a retracement phase following a sharp decline from the previous Higher High structure.This analysis applies a price action approach on the H4 timeframe, highlighting the following key technical zones:Supply Zone (Fibonacci 0.618–0.786 retracement): Acts as a major resistance area and potential re-entry point for sellers.Tested Demand Zone and unfilled order block, aligning with the Golden Ratio on the Daily timeframe.Price is currently reacting near the 0.382 level, making this a decision point for potential rejection or continuation.📌 Two Key Scenarios:Bullish Scenario: A confirmed breakout above 0.786 could open the path toward a new Higher High or even an All-Time High.Bearish Scenario: Rejection from 0.382 or the supply zone could trigger another leg down toward the major demand zone, with extended targets at the Fibonacci 1.272–1.618 levels.📥 The full PDF version of this analysis is available for download in our Telegram community:👉 t.me/rakyattrader