Technical analysis by Zola_Hello about Symbol PAXG: Buy recommendation (1/8/2025)

Gold is anchored at $2,647, standing resilient like a warrior against opposing winds. The EMA 34 and 89 intertwine as a shield, guarding the $2,619 level, while the $2,663 zone rises like an unyielding fortress.Geopolitical risks and the shadow of Trump’s tariffs ignite hope for buyers, yet U.S. bond yields scatter thorns along the path upward. The market holds its breath, awaiting the Fed minutes, where words may decide gold’s fate.A breakout above $2,663 could send gold soaring like an eagle to $2,700. Traders must tread carefully, navigating the fine line between opportunity and risk.