Technical analysis by TVS-Trader about Symbol PAXG on 5/26/2025

After a correction, the D candle on the following day confirmed a strong price increase towards ATH in the near futureThe barrier to reach the all-time peak is not much and it is difficult to have a downtrend at the present timeThe gold price increase in the early Asian session met with a price reaction at the Gap opening zone around 3356. With the candle's force, it is completely possible to push the price up to 3364 in the late Asian session or early European session. The nearest lower border is noted around the Asian session resistance zone this morning at 3335-3336. If 3364 does not break in the European session, it can give a pretty good SELL signal with a target of 333x and deeper at 321x. If it breaks 3264, it confirms a strong uptrend and only BUYs and does not look for a SELL point. The resistance until the target of 3405. 3191-3292 still plays a daily support role for any prolonged price decline of GoldGold price remains depressed amid receding safe-haven demand; downside potential seems limitedGold price kicks off the new week on a weaker note and erodes a part of Friday's strong gains to over a two-week high, though the downtick lacks bearish conviction. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) adds to the recent optimism and undermines demand for the safe-haven precious metal.Gold price gathers pace for the next push higherGold price is finding fresh demand, looking to revisit the two-wee high of $3,365 hit last Friday. Gold buyers await the mid-tier US economic data and trade headlines for a fresh leg higher. They will likely regain control as the 14-day RSI holds fort above the midline, near 57.