Technical analysis by unichartz about Symbol PAXG: Buy recommendation (5/20/2025)

Gold has shown strong bullish continuation after breaking above a key descending resistance line. Once that breakout occurred, price formed a strong rising trendline, which has since been respected as dynamic support.Additionally, a former resistance zone has now flipped into support, confirming a bullish market structure. Price is currently approaching a major upper resistance zone, where we may see a temporary pause or reaction.As long as the rising trendline holds, the momentum remains in favor of buyers — and a clean breakout above the upper zone could trigger the next leg higher.