Technical analysis by RLinda about Symbol PAXG: Buy recommendation (5/30/2025)

XAUUSD is in a correction phase amid a rising dollar. The price is heading towards the liquidity zone, which may support gold. Markets are awaiting PCE data...Gold is back in the red: PCE inflation and tariff news will decide everything. On Friday morning, gold fell, retreating from its recent rebound from weekly lows of around $3245. The price is under pressure from the strengthening US dollar, which was supported by court rulings on Trump's tariffs, but the situation around tariffs remains tense on all sides...The focus is on PCE inflation data. A weaker result could weaken the dollar and support gold. Traders remain cautious in anticipation of volatility.Support levels: 3282, 3270, 3260Resistance levels: 3325A retest of 3282-3270 could end in a false breakdown, but only if the fundamental backdrop is against the dollar, which would only support the price of gold. The price is most likely to be stopped by trend support, but no one can rule out the fundamental factor of surprise...As a target, during a bullish impulse, it is worth considering intermediate highs...Best regards, R. Linda!