Technical analysis by Henrybillion about Symbol PAXG on 9/10/2025

Gold (XAUUSD) – Intraday Analysis: Resistance Rejection and Pullback Scenario Gold has been trading in a strong uptrend channel since late August, but today’s price action is showing the first signs of exhaustion. On the H1 timeframe, price reached a key resistance zone around 3,670 – 3,680 USD/oz and immediately rejected, breaking out of the rising channel. This signals a potential short-term pullback. Key Technical Levels Resistance: 3,670 – 3,680 (major rejection zone). If bulls manage to break above, the next upside target will be 3,720 – 3,750. Support: 3,600 (psychological level + EMA20 H1). 3,540 – 3,550 (recent swing low + Fibonacci 0.382). 3,500 (major support with confluence at Fibonacci 0.5). Trading Strategies Bearish Setup (preferred intraday scenario): Look for short positions if price fails to reclaim 3,670 – 3,680. Entry zone: 3,635 – 3,650. Targets: 3,600 → 3,550 → 3,500. Stop loss: above 3,685. Bullish Setup (alternative scenario): Consider longs only if price holds firmly above 3,600 and shows reversal signals. Entry: 3,600 – 3,610. Target: 3,660 – 3,670. Stop loss: below 3,590. Indicator Confirmation EMA20 vs EMA50 (H1): a bearish cross will strengthen the pullback outlook. RSI (H1): already leaving overbought territory, supporting a correction. Fibonacci retracement: 3,550 and 3,500 are crucial pullback levels to watch. Conclusion: Gold is showing rejection at the 3,670 resistance area, with high probability of a pullback toward 3,600 – 3,550. Short setups remain favorable, but traders should stay flexible in case bulls defend 3,600 strongly. - If you find this analysis useful, remember to follow for more updated strategies and save it for reference during today’s trading session.