Technical analysis by RonPeter_Trading about Symbol PAXG on 3/11/2025

Yesterday, the gold price broke through the range and fell to the support level of 2880, then rebounded and returned to the range. In terms of overall structure, gold still maintains a strong trend and the bullish trend has not changed.Upper resistance: 2915. If the price breaks through this position after adjustment, it may form a head and shoulders bottom rising pattern, and it is expected to test the 2930 area in the future.Lower support: 2900. If it falls below this position, the short-term rebound trend may end, and the price may fall to a low again.Yesterday's downward rebound was a correction after the previous bullish rise. The overall trend is still bullish, and it is expected to continue to rise in the future.Operation strategy:Long: Entry point: callback to around 2900.Stop loss: 2888.Target: 2922, 2930.Short:Entry point: rush up to the 2922-2925 area.Stop loss: 2936.Target: 2910, 2900.Risk warning:The market fluctuates greatly. When operating, you need to strictly stop loss, control your position, and avoid excessive trading.Summary:Gold's short-term trend is volatile and strong. It is recommended to buy on pullbacks. After breaking through the key resistance above, you can consider shorting with a light position.