Technical analysis by Mr_Zakrii about Symbol PAXG on 6/5/2025

The chart you've provided is a 4-hour candlestick chart for Gold CFDs (US$/OZ), with notable price action and support/resistance zones. Here's a detailed breakdown of the analysis:---Key Zones:Resistance Zone (Top Yellow Box):Range: ~3,420 to 3,460Price has previously reversed sharply from this area, suggesting strong selling pressure.Immediate Support Zone:Range: ~3,340 to 3,360Currently acting as a consolidation base.Lower Support Zones:Mid Support: ~3,250 to 3,270Deep Support: ~3,100 to 3,120---Current Price:Around 3,372.70---Chart Indications:Two blue arrows indicate potential bullish scenarios:1. Minor pullback to support (~3,340), followed by a breakout toward the resistance zone (~3,420–3,460).2. Deeper pullback to ~3,270 support, then a strong rebound rallying back toward the resistance zone.---Possible Implications:Bullish Bias: Price is holding above the recent consolidation range and forming higher lows.Breakout Watch: A break and close above 3,400 with strong volume could signal a push toward 3,460 and beyond.Bearish Risk: If the price drops below ~3,330 with momentum, it may target the ~3,270 or even ~3,120 support levels.---If you’re trading based on this chart, you may want to:Watch for confirmation candles at the support/resistance levels.Consider using stop losses just below support or above resistance to manage risk.Would you like help creating a trade plan or running a scenario analysis?