Technical analysis by sagaahhelite about Symbol PAXG: Buy recommendation (5/29/2025)

sagaahhelite

📣Gold Under Pressure XAUUSD CMP $3316.81 ✅XAUUSD movement 29-05-2025: $3289-$3245-$3321 =$120 Movement Witnessed. 🔴Gold remains under pressure after a sharp turn from morning crash, which has triggered fresh volatility across commodities in USA session. ⏳ Despite safe-haven appeal, XAUUSD faces bullish momentum after a correction, driven by renewed appetite for risk assets and shifting market flows. 📉 Technical Outlook (1H): • Bearish below $3305 • Next downside targets: $3280 → $3265 → $3250 • A break below $3255 could accelerate the decline toward $3240-$3220 🔁 Bullish Shift Trigger: • A confirmed 1H close above $3319 may invalidate the bearish bias and target $3340+ 📊 Key Levels: • Pivot: $3305 • Support: $3280 – $3265 – $3250 • Resistance: $3327 – $3339 – $3351