Technical analysis by Raphael_TraderGOLD about Symbol PAXG: Sell recommendation (18 hour ago)

MARKET BRIEFING – XAU/USD (4H) Market State: Gold remains in a broader bullish structure, but short-term momentum has cooled after repeated rejection from the major resistance zone. Price is currently reacting around the EMA cluster, a critical decision area. Key Levels: – Resistance Zone: 4,330 – 4,360 – Dynamic Support (EMA area): ~4,260 – 4,270 – Major Demand Zone: 4,170 – 4,190 Price Action: – The impulsive rally stalled under resistance, followed by a controlled pullback no panic selling, suggesting profit-taking rather than trend failure. – Current candles show hesitation near the fast EMA, indicating buyers are testing commitment. – As long as price holds above the EMA structure, the trend remains constructively bullish. Scenario Outlook Primary Scenario – Bullish Continuation: – Price holds above 4,260 – 4,270 – Higher low forms – Rotation back toward 4,330 – 4,360 resistance – A clean acceptance above this zone opens the path toward new ATH Alternative Scenario – Deeper Reset: – Failure to hold EMA support – Pullback extends into 4,170 – 4,190 demand – This would be a structural retest, not a trend reversal Macro Alignment (Why This Setup Makes Sense) – Fed still restrictive, but rate-cut expectations remain alive, keeping Gold structurally supported – US yields capped, limiting downside pressure – Ongoing geopolitical uncertainty continues to provide underlying bid Gold is not breaking down — it’s deciding. This pullback is either the last reload before expansion, or a healthy reset into demand. What do you think about GOLD at this level?