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

Gold is holding just above rising trendline and 50-day SMA support (~$3,175), but the rebound has been tepid so far:📉 Price action: Small-bodied candles reflect indecision📊 RSI stuck near 50, suggesting a lack of directional momentum📉 MACD still trending lower, though starting to flatten📍Support:Rising trendline and 50-day SMA: $3,175–$3,180Below that: $3,100 (psychological + former resistance)📍Resistance:Initial resistance near $3,300Heavier resistance back at $3,400+⚠️ Big picture: The longer gold churns sideways near trendline support, the more vulnerable it becomes. Bulls need a strong move above $3,300 to reassert control.-MW