Technical analysis by RonPeter_Trading about Symbol PAXG: Buy recommendation (3/10/2025)

From the 4-hour level, after the V-shaped reversal in the early stage, the price of gold began to enter the horizontal consolidation stage. The current range is in the 2930-2890 area. No matter which direction the price moves in the future, it will play a role in the change of the long and short trend in the short term.Today's price trend in the Asian session continued the rebound and repair trend of Friday, and the price trend also converged and slowly increased along the ascending triangle. Currently, pay attention to the upper short-term resistance area of ​​2922-2925.Overall, the trend of gold is still strong, and the structure is still in the long stage. In terms of operation, it is still mainly low-long, supplemented by high-short.Gold pulls back to the 2905-2900 area to go long, stop loss 2888. Upward targets 2922, 2930.Gold surges to the 2922-2925 area, try to go short, stop loss 2936. Downward targets 2910, 2900.Gold continues to fluctuate in the range. From the hourly chart, it has broken through the triangle convergence stage and entered the horizontal wide range of 2930-2890. The upper short-term 2915 line is the resistance line, the lower short-term 2895 line is the support line, the short-term 2895 line forms a double bottom rebound structure. gold buy@ 2903-2905 buy@ 2900-2895 sl 2888 tp 2914 tp 2922