Technical analysis by wjqhwjqh about Symbol PAXG: Buy recommendation (2/9/2025)

Not long ago, the price broke through support level 2, which coincides with the support zone, and fell to the trendline. After this, the price started to climb along the trendline, but later broke below the trendline and fell further. Subsequently, gold rebounded to support level 2, broke through again, touched the trendline, and continued to rise from there. For quite a long time, the price has been rising below the trendline. However, after a while, gold partially broke through this line, but then resumed its upward movement while remaining below it. Eventually, the price broke through support level 1, which coincides with the support zone, retested and rebounded, and finally managed to break through the trendline. Since then, the price has rebounded from the trendline to 2880 points, pulled back to the trendline, and recently resumed its upward trend. In my opinion, XAU/USD may pull back to the trendline and then continue to rise. With this in mind, my target is set at 2910 points.