Technical analysis by FXNEWSCLUB about Symbol PAXG on 5/20/2025

Technical & Fundamental Analysis for XAUUSD (Gold/USD) – H4 Chart as of May 20, 2025🧠 Technical Analysis:Pattern Observed:A symmetrical triangle pattern has formed, indicating a phase of consolidation.Price is now squeezing at the apex of the triangle, suggesting an imminent breakout.Two possible breakout paths are illustrated:Bullish breakout targeting the $3,382 level.Bearish breakdown targeting the $3,058 level.Key Levels:Resistance: $3,382.45 (marked as a potential bullish target)Support: $3,058.08 (marked as a potential bearish target)Current Price: ~$3,220Price is testing the upper trendline of the triangle and is currently inside a small decision zone (highlighted in the purple rectangle).Bias:Wait for a confirmed breakout with strong volume and candlestick confirmation before entry.Breakout above $3,240 could trigger a long position.Breakdown below $3,200 could trigger a short position.🌍 Fundamental Analysis:Key Drivers to Watch:US Economic Data (This Week):FOMC minutes (upcoming)US PMI dataJobless claimsThese could move USD and hence XAUUSD significantly.Geopolitical Risks:Any escalation in global tensions (e.g., Middle East, Russia-Ukraine) could increase safe haven demand for gold.Interest Rate Outlook:Fed is likely near or at the end of its hiking cycle.Dovish signals = bullish for gold.Hawkish Fed = bearish for gold.Inflation Trends:Sticky inflation supports gold.Falling inflation weakens the bullish case for gold.✅ Summary:DirectionTrigger AreaTargetReasonBullishBreak above $3,240$3,382Triangle breakout + potential Fed pauseBearishBreak below $3,200$3,058Triangle breakdown + strong USD data