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

The risk aversion sentiment in the Asian session of gold is like a spring tide, bringing a wave of unexpected opportunities to the market. When the gold price broke through the key node of 2897, as the bulls continued to gather, gold rose rapidly like a horse that had broken free from its reins. All this was just the beginning. The gold bulls did not stop, but continued to exert their strength, pushing the gold price directly through the recent high. The gold hourly moving average also began to turn upward, providing a clearer direction for the bulls. The bulls are in high spirits, constantly refreshing the rebound highs of the past two days, showing a strong offensive. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to come and communicate!From the 4-hour analysis, the upper short-term resistance is near 2922-2925, and the lower low support is around 2897-2900. The overall main tone of relying on low-multiple cycles remains unchanged. The middle position is always more cautious and less active, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the session, and pay attention to it in time.Gold operation strategy:Go long when gold rebounds to 2897-2900, and buy more when it falls back to 2888-2890. The target is 2920-2923. Continue to hold if it breaks through;