Technical analysis by Hassan_fx about Symbol PAXG: Buy recommendation (9 hour ago)

This week, my focus for GOLD is on potential long opportunities around the current price level. Price is sitting within a strong area of demand, so my plan is to wait for signs of accumulation and a clear slowdown in bearish momentum before considering any entries.Ideally, I’d like to see the Asia low swept, which currently lies in the middle of the zone — that would offer even stronger confirmation for a buy setup.If this current zone doesn’t hold, I have a well-defined 9H demand zone around the 3,220 level, which sits in a more discounted area and aligns well with the overall bullish trend on the higher timeframes.Confluences for GOLD Buys:- Clean major daily demand that caused a change of character to the upside- Plenty of liquidity above and an unmitigated supply higher up- This is a pro-trend trade, aligning with overall higher timeframe bullishness- DXY has been bearish over the past few weeks, supporting gold upsideP.S. If price respects this current demand and moves higher, we may see a short-term reaction from the 3H supply zones above — but we’ll monitor price action and adjust accordingly.Have a great trading week