Technical analysis by Trader-JamesFX about Symbol PAXG: Buy recommendation (2/17/2025)

Gold continues to sustain its strong bullish momentum, approaching a key resistance level with solid support from U.S. tariff uncertainties and strong central bank demand. The primary trend remains intact, reinforced by the trendline and EMA 34-89, signaling that the market is operating within a stable upward channel.With growing expectations that the Fed may cut interest rates in 2025, investor sentiment continues to favor trend-following buy strategies. As prices remain close to dynamic support levels and above key moving averages, prioritizing trend-based trading remains the optimal approach — because in trading, the trend is always your most reliable ally.