Gold $PAXG holds bullish structure, but momentum remains fragile ⚖️

Gold trades near $5,020, supported by expectations of future Fed rate cuts. However, a firmer USD and low holiday liquidity have kept price action muted as markets wait for key U.S. data.

Sentiment is mixed: short-term cautious, long-term constructive. Technically, the broader uptrend remains intact above the 200-day EMA, but ADX near 20 signals weak momentum. Price is range-bound between $4,900 support and ~$5,090 resistance.

The next move likely depends on macro catalysts rather than technicals alone.

Traios Market Read: Cautious bullish bias, but consolidation risk remains until a clear breakout.

Follow traios.io to see how this market read evolves. $XAU