Technical analysis by RakyatTrader about Symbol PAXG on 5/21/2025

Gold (XAUUSD) is currently hovering near the 3,300 level, facing potential resistance from a previously tested supply zone. Price is consolidating in a low-volatility range, suggesting a possible pullback scenario. Should a correction occur, the nearest downside target lies around the Minor Demand zone (3,222–3,204).A deeper correction could extend to the Daily Demand area at 3,105 and possibly down to 3,030–2,970, which historically provided strong bullish reaction. As long as price stays above these zones, the overall bullish structure remains intact.Keep an eye on the supply rejection and signs of BOS (Break of Structure) for any potential reversal confirmation.