1. Technical and Fundamental Analysis
Current Situation: The price ranges from $5,115 - $5,180.
Technical Analysis: A short-term trend exhaustion is observed. The TD Sequential indicator marked a "13" bearish near $5,190, which caused the current pullback. However, in 15m and 1h timeframes, it has completed a cycle of 9 bullish candles, suggesting solid support near $5,160.
Fundamental Analysis: Gold is at historic highs due to persistent inflation and demand from central banks (China and others). The Iran-Israel conflict has injected a risk premium; as long as tensions remain high, the floor for PAXG will be elevated.