Technical analysis by naumanfx_ about Symbol PAXG on 7/6/2025

naumanfx_
GOLD CONFIRM TRADE

🔍 Chart Analysis Summary:Current Price: ~3,336Key Resistance (Supply Zone): 3,340 – 3,353Major Resistance Above: 3,388 – 3,395Key Support (Demand Zone): 3,320 – 3,330Major Support Below: 3,294 – 3,305⚔️ Trade Setup Ideas:📉 Sell Setup (High Probability Intraday Short)Scenario: Price is near the lower supply zone (3,340–3,353), showing rejection.Entry: 3,340 – 3,345 (on bearish candle confirmation or rejection wick)Stop Loss: Above 3,353 (zone high or recent swing high)Take Profit Targets:TP1: 3,330 (first minor support)TP2: 3,320 (demand zone)TP3: 3,295 (major support)📌 Confirmation Tips:Look for bearish engulfing / rejection candlesRSI divergence or weaknessBreak of 3,330 support confirms continuation📈 Buy Setup (If Price Drops to Demand)Scenario: Price drops back into demand zone 3,320–3,330 with bullish reaction.Entry: 3,322 – 3,328 (bullish wick or engulfing candle)Stop Loss: Below 3,320Take Profit Targets:TP1: 3,340TP2: 3,353 (supply)TP3: 3,388 (major resistance)📌 Confirmation Tips:Bullish price action near 3,322 zoneMomentum buildup from demandUse M15/M30 for refined entry