Technical analysis by aryoTraderX about Symbol PAXG: Buy recommendation (5/17/2025)

# Gold Technical AnalysisCurrent gold price action shows a potential double top formation pattern, but increased volume suggests a possible fake out as well. Overall, Gold is still in bullish trend despite recent correction. Key levels to watch:- Resistance: $3243.23- Support: $3128.42If price sustains above $3234 with volume, likely legitimate double top fake out. If rejected, potential double top potentially trigger.Dollar weakness due to trump tariff and geopolitical tensions currently favor gold bulls, but watch the Fed respond to it.buy stop trigger