Technical analysis by bruceyam about Symbol PAXG on 2/21/2025

This is a 15-minute chart of gold, and today is Friday. Currently, gold is showing a smaller price range, and the gap between the gold price and the 10-day moving average (960) is narrowing, indicating that the upside momentum is weakening. If gold closes below the 10-day moving average this week, it will mark the first time since January 13, 2025, that it has done so. Otherwise, gold may retain upside potential as we approach the end of the first quarter. This week, Gold's performance highlights its resilience as a safe-haven asset and raises questions about whether its momentum can persist or if a pullback is imminent.