Technical analysis by wkabichandra about Symbol PAXG on 5/6/2025

Gold (XAUUSD) is forming a rising wedge pattern near a key resistance zone — a critical area to watch. While this pattern typically suggests a bearish reversal, traders should stay open to both scenarios.🔻 A breakdown below wedge support could signal a short opportunity, targeting lower support zones.🔺 However, a strong breakout above the resistance zone with volume confirmation might invalidate the bearish setup and trigger bullish momentum.Wait for confirmation before taking any trade — we may get good moves to trade.