Technical analysis by SalemSignals about Symbol PAXG on 5/16/2025

Fundamental Analysis: Gold maintains bullish momentum supported by expectations of a Fed rate pause and increased demand for safe-haven assets amid geopolitical tensions and potential economic slowdown. A weaker dollar and strong central bank purchases continue to support prices. Technical Analysis (1H Chart): Current Trend: Corrective upward Current Price: 3204 Nearest Resistance: 3235 — A strong candle close above this level may lead to a move toward 3276 Nearest Support: 3195 — A break below this level could trigger a pullback toward 3160 Key Level to Watch: Holding above 3205 supports short-term bullish continuation Outlook: Mild bullish bias unless reversal candles appear or key support breaks