Technical analysis by TVS-Trader about Symbol PAXG on 5/29/2025

Not beyond the previous analysis of the D candle confirming the decrease and maintaining the trend of the candle on May 27After touching the breakout zone of 3257, Gold is reacting to increase again and there is a high possibility that there will be buying force in the market today3275 is the reaction zone that Gold is facing in front of this increasing force when breaking 3275 will head to 3285 and this is an important breakout zone with a large number of sellers accumulating in this zone. Breaking 3285 is considered a temporary break of the downtrend and waiting for the next reaction zones for SELL strategies around 3302 and 3314The support zones with a tendency to react to prices and are also targets for SELL signals are noted in the resistance zone of this morning's Asian session around 3256. Two notable support zones today for bottom-probing signals are noted around 3238 and 3220.Gold retests two-day peaks near $3,320Gold extends its recovery from multi-day lows and disputes the area of two-day highs around $3,320 per troy ounce on Wednesday. The souring market tone after White House advisor Hassett's statement that they are confident in the tariff ruling's outcome helps XAU/USD to pick up extra impulse.Gold price turns cautious again ahead of US inflation testGold price is back in the red early Friday, giving up a part of the previous rebound from weekly lows near $3,245. The fate of Gold price now hinges on the US core Personal Consumption Expenditure (PCE) Price Index and tariff headlines.