Technical analysis by Henrybillion about Symbol PAXG on 14 hour ago

Gold (XAU/USD) on the H1 timeframe is currently showing signs of price consolidation after a sharp bullish impulse that pushed the metal toward the 4,160 zone. The market is now hovering just below that key resistance, forming a short-term range between 4,115 – 4,145. This range represents a decision zone: buyers are attempting to maintain structure above 4,100, while sellers are defending the upper resistance level. As long as price stays above 4,100–4,090, the bullish structure remains intact, and another breakout attempt toward 4,160–4,180 could occur. However, a confirmed close below 4,100 may signal a short-term correction back toward the 4,020–4,000 demand zone, where stronger buyers could reenter the market. Key technical levels: Support: 4,100 – 4,000 Resistance: 4,145 – 4,180 Trading plan: Bullish scenario: Look for buying opportunities near 4,100 with confirmation of bullish price action, targeting 4,160–4,180. Bearish scenario: A break below 4,100 could open the way for a correction toward 4,000. Gold remains in an overall uptrend, but momentum is cooling near resistance. Watch for clear breakout or rejection signals before entering. Follow for more daily gold trading insights and technical setups