Technical analysis by vyxevyxe about Symbol PAXG: Buy recommendation (3/4/2025)

After the opening of yesterday Monday, gold hit a high of 2876 in the morning and then began to fall back. It hit a low of 2860 and then fluctuated upward. After the US market in the evening, gold touched 2883 again and then fell back slightly to 2873 before fluctuating upward. As of the close of the early morning, gold successfully stood near 2890. At present, gold bulls seem to be rising and the market seems to have reversed, but everyone must not be confused by the current phenomenon. Although gold has rebounded, we must also pay attention to the relatively large pressure from above, and a retracement adjustment is also necessary from a technical perspectiveFrom the 4-hour analysis, the upper short-term resistance is near the 2897-2903 line. The intraday pullback relies on this position to continue to short and look for a decline. The lower low point support focuses on yesterday's rebound starting point near 2860. Relying on this range as a whole, the main tone of participating in the high-altitude and low-multiple cycles remains unchanged. In the middle position, watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market.Gold rebounds to 2897-2903, short sell, stop loss at 2911, target at 2860-65.