Technical analysis by jamesibartram about Symbol PAXG on 8/28/2025

🟡 Gold (XAU/USD) – 8H Breakdown 📊 Bias Currently neutral → short-term bearish pullback expected before bullish continuation. 🔎 Technical Breakdown Structure: Price is consolidating inside a batwing harmonic pattern. Multiple strong rejections from resistance confirm sellers defending higher levels. Key unmitigated demand zone sits around 3,268 – 3,280. Key Levels: Target Resistance: 3,499 Current Price: 3,397 Mitigation Zone: 3,320 – 3,330 Demand Zone (Buy POI): 3,268 – 3,280 (high probability entry) Invalidation: Break & close below 3,268 Expectations: Possible short-term rejection around current resistance (3,397 – 3,410). Price likely retraces into mitigation zone (3,320) or deeper into demand (3,268). Bullish reaction from demand could push back into 3,499 target level. 🎯 Trade Plan Entry Zone (Buy): 3,268 – 3,280 (unmitigated demand) Stop Loss: Below 3,250 (invalidate structure) First Target: 3,397 (current highs / liquidity) Main Target: 3,499 (major resistance level) ⚠️ Notes Watch for false breakouts above 3,400 before the deeper retracement. Confirmation at demand zone is key — look for rejection candles or bullish engulfing. If demand fails, structure flips bearish into 3,200s.