Technical analysis by taghadosi about Symbol PAXG: Buy recommendation (2/11/2025)

GOLD 1DGold reached $2940 on the daily time frame with its significant growth last week and, given the political situation in the world, it has the possibility of growing and hitting higher ceilings. Currently, it has reached $2888 with a correction of 1.7% and there is a possibility of its growth again if it does not break the middle line of its channel. Gold will continue to grow as long as it is drawn in the ascending channel. If it breaks the channel ceiling upwards, we will see its Sharpe growth. The supports ahead for gold are 2855, 2780 and 2730, and the resistances are 2945 and 3000 dollars.