Technical analysis by Mr_Zakrii about Symbol PAXG on 5/28/2025

This is a technical analysis chart for Gold (CFDs on Gold, USD/OZ) on a 45-minute timeframe from TradingView. Here's a breakdown of the key elements:Chart Summary (as of May 28, 2025):Current Price: $3,321.640 (up +0.64%)Chart Timeframe: 45 minutesHighlighted Zones:Resistance Zone (Top Yellow Area): Around 3,355–3,360Support Zones (Middle to Bottom Yellow Areas):~3,280~3,240~3,200Chart Annotations:Blue Arrows: Indicate a projected price movement:1. Short-Term Bullish Move: A rise toward the resistance area near 3,360.2. Followed by Bearish Reversal: A sharp drop expected after reaching the resistance zone, possibly down to the 3,280 or lower support zone.Volume Bars: Shown at the bottom, giving insight into trade activity. A noticeable spike in volume supports the prior price drop and recovery pattern.Interpretation:The analyst expects a bullish continuation in the short term, reaching the resistance zone around 3,360.After testing resistance, a rejection and bearish reversal is anticipated, targeting the support zone around 3,280 or even 3,240.This strategy appears to rely on support/resistance trading and reversal patterns.Would you like an assessment of the likelihood of this move or suggestions for entry/exit points?