Technical analysis by ZILATRADES about Symbol PAXG: Buy recommendation (3/17/2025)

Dear Traders,The Federal Reserve's anticipated interest rate cuts could be a major catalyst for gold's next rally toward $3,150. Here’s why:1. Lower Interest Rates Weaken the DollarWhen rates drop, the U.S. dollar loses value, making gold more attractive and increasing demand globally.2. Gold Becomes More Competitive Against BondsLower rates reduce yields on bonds and savings accounts, driving investors toward gold as a more stable store of value.3. Inflation and Economic Uncertainty Drive DemandEven with rate cuts, inflation remains a risk. Gold has historically been a strong hedge against devaluation, making it a preferred asset in uncertain times.4. Central Banks Are Increasing Gold ReservesMany central banks continue to accumulate gold, signaling long-term confidence and further supporting prices.With these factors in play, gold’s path to $3,150 looks increasingly likely. The question now is whether investors are prepared for the move.Let me know what you think in the comments and leave a like for more. Greetings,Zaid MAlready up 450 pips, set breakeven.