Technical analysis by BlackBull Markets about Symbol PAXG on 5/29/2025

XAUUSD could potentially be presenting a multi-timeframe bullish bias, with the trend analyzer indicating strong uptrends from M30 through H4, and a weaker uptrend on the D1 timeframe. The price has moved above the 20, 50, and 100-period exponential moving averages (EMAs), potentially suggesting strengthening short-term momentum. The 200 EMA near $3,254 has held as dynamic support and marked the low of the recent retracement. If the price maintains above the 100 EMA and breaks through near-term resistance at $3,320–$3,340, there is potential for a move toward the previous high around $3,360. Traders might like to watch for confirmation from volume around resistance before positioning for breakout trades. Caution might be warranted if the price dips below $3,254, as it may indicate a deeper correction.