I've noticed the last few months that 80% of the time photoshop does not recognize 'pinch to zoom'. If it does recognize it, it zooms in/out just a little - I need to pinch and zoom my entire hand outstretched 10 times to get the zoom in/out I need. Or it will think I'm just moving the mouse, so it moves th mouse way off screen...Please tell me there is an update coming to resolve this issue. This only happens on Photoshop.
Let me move this to the Photoshop forum for you, which I think is the appropriate forum for your question.
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Are you using the trackpad on your macbook pro or an external trackpad? In your preferences, look at the tools section. Mine is working fine on both my external trackpad and built in trackpad on my 2020 macbook pro.
Melissa Piccone | Adobe Trainer | Pluralsight Author | Fine Artist