Technical analysis by MollyRonaldFx about Symbol PAXG: Buy recommendation (5/15/2025)

price movement of Gold Spot against the U.S. Dollar on a 15-minute timeframe, published on TradingView by MollyRonaldFx. The gold price has been trending downward, marked by a series of lower highs, forming a descending resistance line. Significant support zones are highlighted, with the price recently breaking below the latest support area. The chart indicates a possible bullish reversal, as suggested by the projected upward arrow, signaling potential buying opportunities near the 3,148.71 USD level. Key upcoming economic events could influence price movement.