Technical analysis by FOREXcom about Symbol PAXG on 4/29/2025

Gold remains in a tight consolidation on the 4-hour chart after its historic run to $3,431. Price is trapped in a clear rectangle between ~$3,280 and ~$3,360:📦 Sideways range suggests indecision after the massive bull run🔵 50 SMA holding as dynamic support📉 MACD is flat but trying to cross higher📊 RSI hovering near neutral at 50 – neither overbought nor oversoldWatch for a break above $3,360 to reignite bullish momentum toward record highs. A break below ~$3,280, however, could signal deeper mean reversion toward trendline or the 200 SMA near ~$3,140.Patience is key — the next move could set the tone for May.-MW