Technical analysis by PaulNox about Symbol PAXG: Buy recommendation (1/13/2025)

⭐After a beautifull double top pattern & a good correction GOLD seems to be ready for a new ATH this year!📈XAUUSD is in a medium uptrend with obvious correction and momentum movements forming new LH(Lower High) & HH(Higher Highs) which further strengthens the upward trend! 📊After the FIB Retracement applied behind the representation, gold does not seem to change its trend anytime soon, but although it is close to a pullback in the 38.20 area, it does not represent such a strong upward trend that it does not try to go down at least in the GOLDEN ZONE (50%-61,80%) 📍US PPI and CPI data due later in the week📍Dollar at its highest level in over two years 📍Market sees 25 bps reduction in rate cuts this year 💥Position Recommendations💥Entry: 2650Stop Loss: 2630Take Profit 1: 2680Take Profit 2: 2700Take Profit 3: 2750 (I do not recommend only with subsequent confirmations)