Technical analysis by TheSignalyst about Symbol PAXG on 5/31/2025

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈 As per our latest Gold analysis, price rejected the $3,100 – $3,150 support zone and traded higher.However, Gold is still in a correction phase, moving within a falling red channel.This week, it has been rejecting the upper bound of the channel, reinforcing bearish pressure.⛔ As long as the upper red trendline holds, the bears remain in control.✅ For momentum to shift back in favor of the bulls, a clear break above the upper red trendline is needed.📚 Always follow your trading plan regarding entry, risk management, and trade management.Good luck!All Strategies Are Good; If Managed Properly!~RichDisclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.