Technical analysis by damondre94 about Symbol PAXG: Buy recommendation (1/12/2025)

Gold has broken out the 4 hr and daily timeframes. We are sitting on a major level of support heading into a new year as well as a new president being inagaurated. As long as gold holds this level of support Id like to see price break the 2700 level. There's a lot of volatility entering the market so I wouldn't be surprised if we restest the 50% Retracement level on the fib from Fridays NFP. I would look for opportunities of a continuation or retracement to buy. Im bullish on Gold 2025.