Technical analysis by mykvmykv about Symbol PAXG: Buy recommendation (2/25/2025)

This morning we went short at 2951, with a target of 2940-43. In the afternoon we went long at 2936 and covered our positions at 2930. Yesterday and the day before yesterday, the international gold price stepped on the 10-day moving average and then began to rise. In the past five trading days, as long as the gold price broke the high, it would fall back and adjust, which shows that the upward momentum is insufficient, and the hourly and lower cycles show a high-level rapid oscillation trend, which also shows that the game between long and short forces is fierce. The moving average system is still in a bullish arrangement, and holding the 10-day moving average is still a sign that the gold price maintains a bullish structure. At present, the 10-day moving average is supported at 2925-30.From the current 4-hour analysis, the support below continues to focus on 2930, and the short-term pressure above focuses on the 2950-55 line. The overall main tone of relying on low-long participation remains unchanged. For the middle position, watch more and do less, and be cautious in chasing orders.Gold falls back to 2930-35, buy longs; fall back to 2920-25, add longs; stop loss at 2814; target at 2950-2955; continue to hold if it breaks;