Technical analysis by Henrybillion about Symbol PAXG on 5/30/2025

If the upcoming PCE report shows that inflation continues to cool or comes in below expectations (e.g., core PCE under 0.2% m/m), this could reinforce market expectations that the Federal Reserve (Fed) may have room to begin cutting interest rates sooner—potentially as early as September instead of year-end.https://www.tradingview.com/x/5hxSxAj8/This would weaken the US dollar and push down Treasury yields, both of which typically support gold prices, as the opportunity cost of holding non-yielding assets like gold decreases.Short-term forecast:Gold may rebound to the $3,330 – $3,340/oz range.A breakout above the psychological resistance level of $3,345 could signal a medium-term uptrend.Trading volume is likely to rise as ETF funds begin accumulating positions again.Suggested strategy:Buy XAUUSD around the 3310 – 3313 areaStoploss: 3300Take Profit 1: 3325Take Profit 2: 3335Take Profit 3: 3345