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

James Hello everyone!Currently, gold prices are entering a bullish consolidation phase as Trump tariffs weigh on risk sentiment. The US dollar is struggling to hold despite the dovish Fed Minutes as US Treasury yields decline. Currently, gold prices are waiting for acceptance above $2,950 as the daily technical setup favors buyers.As mentioned on the 1-hour chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, suggesting further upside potential for gold without any significant reversal.