Technical analysis by AndeWave about Symbol PAXG: Buy recommendation (5/22/2025)

The price is trying to consolidate above the key support zone 3290 - 3300. As part of the correction, gold makes a false breakdown and the market starts to show a bullish reaction. The only confusing thing is the coming news. If the buyers are able to keep the price above 3300, the gold will surely continue its upward trend Scenario: price consolidation above 3300 after a false breakdown of support will be a good signal for a swing impulse towards the intermediate high of 3345.