Technical analysis by tk2ytk2y about Symbol PAXG: Buy recommendation (2/25/2025)

Gold maintained a significant decline today, and the lowest price so far is around 2924. Although gold has paused its previous record-breaking rise, the bullish potential of gold still exists.First of all, from the 4-hour chart, we can see that gold is trending from 2876 to 2956, and 2925 is exactly the Fibonacci 618 support position of this trend. If the callback does not break 618, then there will definitely be a high point. Moreover, gold has already tested the support position of 2920 many times, so if it rebounds from 2920 again, the probability of continuing to reach a new high is very high.In addition, from the daily chart, it can be found that the daily MA10 moving average position is currently around 2925. Today's lowest price also touched the 2924 moving average support.Therefore, the probability of gold continuing to rebound and break through to a new high is very high. Once it stands firmly above 2955, then the next place for gold is 2970-2975.So, my suggestion for future operations is to continue to go long near 2910/2900, look up to 2930, 2940, ​​and break to 2960.