Technical analysis by rodriguesths about Symbol PAXG on 5/26/2025

Expecting gold to break higher toward $3,430 if bullish catalysts emerge, but its worth to keep an eye on dollar strength or risk-on sentiment that could push prices lower.A breakout above the descending resistance around $3,340 could push gold toward the next resistance at $3,430.97, potentially reaching $3,480 if momentum continues. Thats scenario A and honestly what i'm looking for. Might enter with small position now at 3331.Scenario B would be a continuation of this correction. After this amazing run thats been going on for a while, that woud make sense. But geopolitical tensions all around the world are still to be resolved. This renewed pause on tariffs to the EU could help gold prices decline.Will be updating.BUY LIMIT order at 3270. SL 3250TP1 3300TP2 3370