Technical analysis by faljassem about Symbol PAXG: Buy recommendation (2/2/2025)

Gold recorded a new peak last week after the ounce reached levels of 2817 due to the uncertainty experienced by the markets due to the geopolitical situation that began with Trump assuming the presidency in the White House, and as is known, the American president is a businessman and seeks to correct some situations from his point of view. Many decisions regarding imposing customs duties on Canada and Mexico and serious steps on his part to change some names of water bodies on some maps, which aroused disapproval and alienation from some countries, so that matters were mixed, which in turn reflected on the safe haven. The negative results of the recent American indicators have a share in the rise of gold to this historic peak, which is likely to continue the cash flows of the bulls to record a new peak, especially with a slight decline at the end of last Friday's session. Scattered holidays for some countries this week, but liquidity will not be affected much, while the most prominent events in the economic calendar are the talk of the members of the open market in the Federal Reserve next Thursday evening, which is likely to have clarifications about some upcoming financial policies. Technically: On the monthly time frame, we see a positive candle par excellence, indicating the bulls' determination to record a new historic peak and supports This is the weekly time frame, but looking at the daily time frame, we see a slight decline, which is normal after this positive momentum. It is clear from what was mentioned above that the trend is upward, regardless of profit-taking operations, as it is temporary and the correction is a healthy situation for speculators. However, by focusing on the four-hour time frame, the upward trend supported by the Dow Theory is clearly evident, and therefore the decline in prices is an opportunity to buy 24-karat gold bars as a means of saving for the average follower, while speculators are on a date with re-arranging trading operations. As for tangible gold, it is never recommended to sell except in the event of an urgent need for money, and the reason is that prices are always rising and there is a possibility of not getting the same low price from which the gold was purchased. The most prominent expected buying levels are: 2783 - 2721 Desired targets: 2820 - 2830 In the event of negative pressure and the 2721 levels are broken, our vision is canceled and we try as much as possible to publish a quick update via social media. Note: What I am publishing is speculative behavior and a simulation of financial markets, and its purpose is to raise awareness and price behavior, which is Far from recommendations to buy and sell, as the decision is the responsibility of the trader. If the analysis is true, then this is a blessing from God Almighty, and if it is the opposite, then every hard worker will have a share.