Technical analysis by Brad_Williams about Symbol PAXG on 3/12/2025

3.12/Gold Range Analysis (2910-2930)Fundamental Analysis:Expectations of Fed rate cuts: The Fed is relatively restrained in its expectations of rate cuts in 2025, and it is expected that there will be fewer rate cuts this year. In contrast, other central banks around the world (such as the European Central Bank, the Bank of England, etc.) tend to continue to cut interest rates.This may provide some support for gold prices.Inflationary pressure: The year-on-year growth rate of the US CPI in January 2025 rebounded to 3.0%, and the year-on-year growth rate of the core CPI rebounded to 3.3%, and inflationary pressure still exists.This may form long-term support for gold prices.Technical Analysis:Daily K-line: Yesterday's gold daily K-line closed positive, showing that the short-term bullish force is strong.4-hour chart: The moving average golden cross is upward, and the gold price runs above the middle track of the Bollinger Bands, indicating a bullish short-term trend.1-hour chart: The moving average golden cross is upward, the Bollinger Bands mouth diverges upward, the MACD is about to form a golden cross, and the trading volume shrinks, further confirming the short-term bullish signal.Operation suggestions:Entry point: long in the range of 2905-2908.Stop loss point: 2896, control risk.Target point: 2920-2930.Summary:Combining fundamental and technical analysis, gold is bullish in the short term, and it is recommended to go long when the price falls.