Technical analysis by FOREXcom about Symbol PAXG on 5/12/2025

Gold fell nearly 2.5%, retesting its rising trendline and the 50-day SMA near $3,180 after failing to hold above $3,400:📉 RSI dipped to 49, showing fading momentum but not yet oversold📊 MACD is crossing lower, suggesting weakening bullish pressure🟦 Key support:Rising trendline and 50-day SMA near $3,180Further downside could target $3,050📈 Bulls want to see a strong bounce from this area to maintain the uptrend structure. A daily close below $3,180 would shift near-term bias neutral to bearish.-MW