Technical analysis by SOAM_PRO_TRADER about Symbol PAXG on 6/8/2025

🔹 Technical Analysis: Gold (XAU/USD) – Daily Chart▪️ Resistance Zone: Price is struggling below the $3,390-$3,430 area, which has consistently acted as strong supply, rejecting bullish attempts.▪️ Demand & Support Zones: The immediate demand zone lies around $3,270-$3,300. A clean breakdown below this could push price toward the broader support area around $3,160-$3,180.▪️ Market Structure: After multiple failed breakouts near resistance, price is consolidating within a narrowing range. If the current demand fails to hold, a deeper correction may follow.▪️ Scenario Outlook:▫️Bullish Case: A strong bullish candle reclaiming above $3,375 could revive upward momentum.▫️ Bearish Case: Breakdown below the demand zone opens downside risk toward $3,160 and possibly lower.▪️ Bias: Neutral-to-bearish, with downside pressure building unless bulls reclaim resistance.🔹Community Insight:If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.▪️Follow for regular updates and trade setups.from 3297price touched 3360, 630 pips+